Hargreaves Lansdown plc (LON:HL) Receives GBX 1,048.20 Consensus Price Target from Analysts

Hargreaves Lansdown plc (LON:HL) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 1,048.20 ($14.02).

HL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Hargreaves Lansdown from GBX 671 ($8.98) to GBX 684 ($9.15) and gave the stock an “underweight” rating in a research report on Monday, July 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 1,342 ($17.95) price target on shares of Hargreaves Lansdown in a research report on Wednesday, June 19th. Jefferies Financial Group lowered Hargreaves Lansdown to a “hold” rating and raised their price target for the stock from GBX 1,035 ($13.84) to GBX 1,140 ($15.25) in a research report on Wednesday, June 19th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th.

Hargreaves Lansdown Trading Down 0.3 %

LON:HL opened at GBX 1,081.50 ($14.47) on Friday. Hargreaves Lansdown has a 1-year low of GBX 676.40 ($9.05) and a 1-year high of GBX 1,169 ($15.64). The business’s 50-day moving average price is GBX 1,099.72 and its two-hundred day moving average price is GBX 984.65. The company has a current ratio of 2.15, a quick ratio of 2.04 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of £5.13 billion, a price-to-earnings ratio of 1,750.00, a PEG ratio of 4.22 and a beta of 0.66.

Hargreaves Lansdown Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 30 ($0.40) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. This represents a dividend yield of 2.78%. Hargreaves Lansdown’s dividend payout ratio (DPR) is presently 6,935.48%.

About Hargreaves Lansdown

Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs. It also provides pension services, including self-invested personal pensions (SIPP), junior SIPPs, annuities, and drawdown; share dealing services; fund dealing; and cash management services.