Berenberg Bank Reiterates Hold Rating for Henderson Group Plc (HGG)
Henderson Group Plc (LON:HGG)‘s stock had its “hold” rating reaffirmed by stock analysts at Berenberg Bank in a report issued on Wednesday. They currently have a GBX 230 ($3.86) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 2.18% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “underweight” rating on shares of Henderson Group Plc in a research note on Monday. They now have a GBX 200 ($3.36) price target on the stock. Separately, analysts at Jefferies Group reiterated an “underperform” rating on shares of Henderson Group Plc in a research note on Friday, August 8th. They now have a GBX 190 ($3.19) price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Henderson Group Plc to a “neutral” rating in a research note on Friday, August 8th. They now have a GBX 246 ($4.13) price target on the stock, down previously from GBX 268 ($4.50). Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Henderson Group Plc currently has an average rating of “Hold” and a consensus target price of GBX 235.71 ($3.95).
Shares of Henderson Group Plc (LON:HGG) opened at 221.90 on Wednesday. Henderson Group Plc has a one year low of GBX 163.00 and a one year high of GBX 275.40. The stock’s 50-day moving average is GBX 243.3 and its 200-day moving average is GBX 243.4. The company’s market cap is £2.397 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.
Henderson Group plc is a holding company of the investment management group Henderson Global Investors.
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