Henderson Group Plc Lowered to Neutral at Citigroup Inc. (HGG)
Henderson Group Plc (LON:HGG) was downgraded by research analysts at Citigroup Inc. to a “neutral” rating in a report released on Friday. They currently have a GBX 246 ($4.14) price target on the stock, down from their previous price target of GBX 268 ($4.51). Citigroup Inc.’s target price suggests a potential upside of 11.07% from the stock’s previous close.
Shares of Henderson Group Plc (LON:HGG) traded down 2.86% during mid-day trading on Friday, hitting GBX 221.4771. 4,859,401 shares of the company’s stock traded hands. Henderson Group Plc has a 52-week low of GBX 163.00 and a 52-week high of GBX 275.40. The stock’s 50-day moving average is GBX 243.9 and its 200-day moving average is GBX 243.2. The company’s market cap is £2.389 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, August 27th will be given a dividend of GBX 2.60 ($0.04) per share. This represents a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of other firms have also recently commented on HGG. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Henderson Group Plc in a research note on Thursday. They now have a GBX 265 ($4.46) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Henderson Group Plc from GBX 235 ($3.95) to GBX 240 ($4.04) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Henderson Group Plc in a research note on Thursday. They now have a GBX 215 ($3.62) price target on the stock. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 235 ($3.95).
Henderson Group plc is a holding company of the investment management group Henderson Global Investors.
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