Morningstar Increases Henderson Group plc Price Target to $4.25 (HGG)
Stock analysts at Morningstar raised their price target on shares of Henderson Group plc (ASX:HGG) from $3.64 to $4.25 in a report issued on Sunday, AmericanBankingNews.com reports. The firm currently has a “reduce” rating on the stock.
Henderson Group plc (ASX:HGG) traded down 2.12% during mid-day trading on Friday, hitting A$4.160. The stock had a trading volume of 75,000 shares. Henderson Group plc has a 1-year low of A$2.040 and a 1-year high of A$4.260. The stock has a 50-day moving average of A$3.84 and a 200-day moving average of A$3.26. The company has a market cap of A$4.371 billion and a P/E ratio of 25.15.
HGG has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated a “sector performer” rating on shares of Henderson Group plc in a research note to investors on Tuesday, December 3rd. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Henderson Group plc from A$198.00 ($175.22) to A$225.00 ($199.12) in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Henderson Group plc from A$181.00 ($160.18) to A$205.00 ($181.42) in a research note to investors on Friday, November 1st. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of A$171.32 ($151.61).
Henderson Group plc is a holding company of the investment management group Henderson Global Investors.
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