Brokerages Set Hargreaves Lansdown plc (LON:HL) Price Target at GBX 921.20

Shares of Hargreaves Lansdown plc (LON:HL) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 921.20 ($11.57).

Several research analysts have weighed in on HL shares. Barclays upped their price objective on shares of Hargreaves Lansdown from GBX 1,210 ($15.20) to GBX 1,250 ($15.70) and gave the company an “overweight” rating in a research note on Wednesday. Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a research note on Tuesday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,035 ($13.00) price objective on shares of Hargreaves Lansdown in a report on Wednesday. Finally, Royal Bank of Canada lowered their target price on Hargreaves Lansdown from GBX 850 ($10.68) to GBX 825 ($10.36) and set a “sector perform” rating on the stock in a research note on Monday, February 26th.

Hargreaves Lansdown Price Performance

LON HL opened at GBX 808.40 ($10.15) on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 2.04. The firm has a market capitalization of £3.83 billion, a price-to-earnings ratio of 1,171.59, a price-to-earnings-growth ratio of 4.22 and a beta of 0.62. The company has a 50 day simple moving average of GBX 738.20 and a 200-day simple moving average of GBX 738.03. Hargreaves Lansdown has a 52-week low of GBX 676.40 ($8.50) and a 52-week high of GBX 944.80 ($11.87).

Hargreaves Lansdown Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a GBX 13.20 ($0.17) dividend. This represents a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 29th. Hargreaves Lansdown’s payout ratio is presently 6,086.96%.

Insider Activity at Hargreaves Lansdown

In related news, insider Alison Platt purchased 18,696 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was bought at an average price of GBX 748 ($9.40) per share, for a total transaction of £139,846.08 ($175,663.96). In other news, insider Alison Platt purchased 18,696 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of GBX 748 ($9.40) per share, with a total value of £139,846.08 ($175,663.96). Also, insider Amy Stirling acquired 6,764 shares of Hargreaves Lansdown stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of GBX 739 ($9.28) per share, with a total value of £49,985.96 ($62,788.54). In the last 90 days, insiders acquired 29,459 shares of company stock valued at $21,966,458. Insiders own 25.77% of the company’s stock.

About Hargreaves Lansdown

Hargreaves Lansdown plc provides investment services for individuals and corporates in the United Kingdom and Poland. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, and junior and lifetime ISAs. It also provides pension services, including self-invested personal pensions (SIPP), junior SIPPs, annuities, and drawdown; share dealing services; fund dealing; and cash management services.