Hargreaves Lansdown Upgraded to “Overweight” at Morgan Stanley (HL)
Hargreaves Lansdown (LON:HL) was upgraded by equities researchers at Morgan Stanley to an “overweight” rating in a research report issued on Tuesday, ARN reports. The firm currently has a GBX 1,670 ($27.52) price target on the stock, up from their previous price target of GBX 1,113 ($18.34). Morgan Stanley’s price target points to a potential upside of 13.14% from the company’s current price.
Shares of Hargreaves Lansdown (LON:HL) traded up 2.07% on Tuesday, hitting GBX 1476.00. 833,641 shares of the company’s stock traded hands. Hargreaves Lansdown has a 52-week low of GBX 683.687 and a 52-week high of GBX 1544.00. The stock has a 50-day moving average of GBX 1331.18 and a 200-day moving average of GBX 1117.. The company’s market cap is £6.913 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Hargreaves Lansdown from GBX 1,145 ($18.87) to GBX 1,560 ($25.71) in a research note to investors on Friday, January 3rd. They now have an “overweight” rating on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Hargreaves Lansdown from GBX 1,006 ($16.58) to GBX 1,027 ($16.92) in a research note to investors on Wednesday, November 27th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Hargreaves Lansdown in a research note to investors on Friday, November 15th. They set an “overweight” rating and a GBX 1,415 ($23.32) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,284.71 ($21.17).
Hargreaves Lansdown PLC is a provider of investment management products and services to private investors in the United Kingdom.
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