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

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

Several research firms recently commented on HL. Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price objective 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. Jefferies Financial Group lowered Hargreaves Lansdown to a “hold” rating and lifted their target price for the company from GBX 1,035 ($13.84) to GBX 1,140 ($15.25) in a research report on Wednesday, June 19th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,342 ($17.95) target price on shares of Hargreaves Lansdown in a research note on Wednesday, June 19th.

Hargreaves Lansdown Price Performance

Shares of HL stock opened at GBX 1,110 ($14.85) on Friday. The firm has a market capitalization of £5.26 billion, a price-to-earnings ratio of 1,790.32, a price-to-earnings-growth ratio of 4.22 and a beta of 0.66. Hargreaves Lansdown has a 12-month low of GBX 676.40 ($9.05) and a 12-month high of GBX 1,169 ($15.64). The company has a quick ratio of 2.04, a current ratio of 2.15 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of GBX 1,100.55 and a 200-day moving average of GBX 976.93.

Hargreaves Lansdown Increases Dividend

The company also recently announced 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. This represents a yield of 2.78%. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. The ex-dividend date is Thursday, October 3rd. Hargreaves Lansdown’s payout ratio is presently 6,935.48%.

Hargreaves Lansdown Company Profile

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.