Hargreaves Lansdown Downgraded to “Hold” at Jefferies Group (HL)
Hargreaves Lansdown (LON:HL) was downgraded by research analysts at Jefferies Group to a “hold” rating in a report released on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 1,250 ($20.54) price target on the stock, up from their previous price target of GBX 1,150 ($18.90). Jefferies Group’s target price suggests a potential downside of 8.83% from the stock’s previous close.
Hargreaves Lansdown (LON:HL) traded up 1.93% during mid-day trading on Thursday, hitting GBX 1371.00. 1,834,695 shares of the company’s stock traded hands. Hargreaves Lansdown has a 52 week low of GBX 756.00 and a 52 week high of GBX 1577.00. The stock has a 50-day moving average of GBX 1429. and a 200-day moving average of GBX 1170.. The company’s market cap is £6.422 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Hargreaves Lansdown in a research note to investors on Wednesday. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hargreaves Lansdown in a research note to investors on Wednesday. They now have a GBX 1,656 ($27.21) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Hargreaves Lansdown in a research note to investors on Wednesday. They now have a GBX 1,230 ($20.21) price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,361.75 ($22.38).
Hargreaves Lansdown PLC is a provider of investment management products and services to private investors in the United Kingdom.
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