Hargreaves Lansdown plc (LON:HL) Given Average Recommendation of “Hold” by Brokerages

Shares of Hargreaves Lansdown plc (LON:HL) have received a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 1,048.20 ($13.78).

HL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Hargreaves Lansdown from GBX 671 ($8.82) to GBX 684 ($8.99) and gave the company an “underweight” rating in a report on Monday, July 15th. Jefferies Financial Group downgraded shares of Hargreaves Lansdown to a “hold” rating and increased their target price for the stock from GBX 1,035 ($13.61) to GBX 1,140 ($14.99) in a research report on Wednesday, June 19th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,342 ($17.65) target price on shares of Hargreaves Lansdown in a research report on Wednesday, June 19th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Hargreaves Lansdown in a research report on Friday, August 9th.

Hargreaves Lansdown Price Performance

Shares of LON HL opened at GBX 1,105 ($14.53) on Tuesday. The company has a current ratio of 2.15, a quick ratio of 2.04 and a debt-to-equity ratio of 1.05. The company has a market capitalization of £5.24 billion, a price-to-earnings ratio of 1,782.26, a PEG ratio of 4.22 and a beta of 0.66. Hargreaves Lansdown has a twelve month low of GBX 676.40 ($8.89) and a twelve month high of GBX 1,169 ($15.37). The firm has a 50-day moving average of GBX 1,101.32 and a two-hundred day moving average of GBX 938.25.

Hargreaves Lansdown Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be issued a GBX 30 ($0.39) dividend. This is a boost from Hargreaves Lansdown’s previous dividend of $13.20. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 2.78%. Hargreaves Lansdown’s dividend payout ratio (DPR) is presently 6,935.48%.

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.