Analysts Set Hargreaves Lansdown plc (LON:HL) Price Target at GBX 1,048.20

Hargreaves Lansdown plc (LON:HL) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 1,048.20 ($13.38).

HL has been the subject of several recent research reports. Jefferies Financial Group lowered shares of Hargreaves Lansdown to a “hold” rating and lifted their target price for the company from GBX 1,035 ($13.22) to GBX 1,140 ($14.56) in a report on Wednesday, June 19th. Barclays lifted their target price on shares of Hargreaves Lansdown from GBX 1,210 ($15.45) to GBX 1,250 ($15.96) and gave the company an “overweight” rating in a report on Wednesday, May 1st. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 1,342 ($17.13) target price on shares of Hargreaves Lansdown in a report on Wednesday, June 19th. JPMorgan Chase & Co. raised their price target on shares of Hargreaves Lansdown from GBX 671 ($8.57) to GBX 684 ($8.73) and gave the company an “underweight” rating in a research report on Monday, July 15th. Finally, Shore Capital reissued a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th.

Hargreaves Lansdown Stock Performance

HL stock opened at GBX 1,100.50 ($14.05) on Friday. The firm’s 50-day simple moving average is GBX 1,095.35 and its 200 day simple moving average is GBX 897.64. The stock has a market capitalization of £5.22 billion, a price-to-earnings ratio of 1,620.59, a price-to-earnings-growth ratio of 4.22 and a beta of 0.69. The company has a quick ratio of 2.04, a current ratio of 2.27 and a debt-to-equity ratio of 1.43.

Hargreaves Lansdown Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be given a dividend of GBX 30 ($0.38) per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 2.78%. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. Hargreaves Lansdown’s dividend payout ratio (DPR) is 6,176.47%.

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.