Henderson Group Plc (HGG) Receives “Neutral” Rating from Macquarie
Henderson Group Plc (LON:HGG)‘s stock had its “neutral” rating reissued by analysts at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a GBX 243 ($3.17) target price on the stock. Macquarie’s target price points to a potential downside of 3.53% from the stock’s current price.
Several other equities research analysts have also recently weighed in on HGG. BNP Paribas cut Henderson Group Plc to a “neutral” rating and decreased their price target for the company from GBX 270 ($3.52) to GBX 240 ($3.13) in a research report on Tuesday, June 14th. JPMorgan Chase & Co. cut Henderson Group Plc to a “neutral” rating and decreased their price target for the company from GBX 320 ($4.18) to GBX 225 ($2.94) in a research report on Wednesday, June 29th. Barclays PLC cut Henderson Group Plc to an “equal weight” rating and decreased their price target for the company from GBX 300 ($3.92) to GBX 210 ($2.74) in a research report on Thursday, June 30th. Jefferies Group cut Henderson Group Plc to an “underperform” rating and decreased their price target for the company from GBX 240 ($3.13) to GBX 172 ($2.25) in a research report on Thursday, June 30th. Finally, Royal Bank Of Canada cut Henderson Group Plc to an “underperform” rating and decreased their price target for the company from GBX 270 ($3.52) to GBX 210 ($2.74) in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 255.23 ($3.33).
Shares of Henderson Group Plc (LON:HGG) traded down 1.22% on Wednesday, reaching GBX 251.90. 3,495,933 shares of the company were exchanged. Henderson Group Plc has a 12-month low of GBX 192.60 and a 12-month high of GBX 314.30. The stock’s 50-day moving average is GBX 239.98 and its 200 day moving average is GBX 242.52. The firm’s market capitalization is GBX 2.74 billion.
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The business also recently disclosed a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were paid a dividend of GBX 3.20 ($0.04) per share. This represents a dividend yield of 1.44%. The ex-dividend date was Thursday, August 25th.
Henderson Group Plc Company Profile
Henderson Group plc is an independent global asset manager, specializing in active investment. The Company is a client-focused global business with assets under management. The Company’s segments include UK, Americas, Australia and Other. It manages a range of actively managed investment products for institutional and retail investors, across over five capabilities, which include European equities, global equities, global fixed income, multi-asset and alternatives, including private equity and property.
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