Peel Hunt Reiterates “Add” Rating for Hargreaves Lansdown (LON:HL)

Peel Hunt reissued their add rating on shares of Hargreaves Lansdown (LON:HL) in a report issued on Thursday, LSE.Co.UK reports. Peel Hunt currently has a GBX 2,000 ($26.13) target price on the stock.

HL has been the topic of several other research reports. Deutsche Bank restated a hold rating on shares of Hargreaves Lansdown in a report on Tuesday, September 3rd. Jefferies Financial Group restated an underperform rating and issued a GBX 1,570 ($20.51) price target on shares of Hargreaves Lansdown in a report on Monday, October 7th. Barclays cut their price target on shares of Hargreaves Lansdown from GBX 2,320 ($30.31) to GBX 2,115 ($27.64) and set an equal weight rating on the stock in a report on Friday, August 9th. Peel Hunt restated an add rating and issued a GBX 2,000 ($26.13) price target on shares of Hargreaves Lansdown in a report on Thursday. Finally, Liberum Capital upgraded shares of Hargreaves Lansdown to a buy rating in a report on Thursday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 1,843.90 ($24.09).

LON HL traded down GBX 62.50 ($0.82) during mid-day trading on Thursday, hitting GBX 1,790 ($23.39). The company’s stock had a trading volume of 772,291 shares, compared to its average volume of 1,070,000. Hargreaves Lansdown has a 52-week low of GBX 1,624 ($21.22) and a 52-week high of GBX 2,447 ($31.97). The stock’s fifty day simple moving average is GBX 1,937.67 and its two-hundred day simple moving average is GBX 2,036.98. The firm has a market capitalization of $8.49 billion and a P/E ratio of 34.42.

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 31.70 ($0.41) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 1.63%. This is a positive change from Hargreaves Lansdown’s previous dividend of $10.30. Hargreaves Lansdown’s dividend payout ratio (DPR) is currently 0.65%.

About Hargreaves Lansdown

Hargreaves Lansdown plc provides direct-to-investor investment services for individuals and corporates in the United Kingdom and Poland. Its flagship service is Vantage, a direct-to-investor platform. The company offers stocks and shares individual savings accounts (ISAs), fund and share accounts, self-invested personal pensions (SIPPs), and lifetime ISAs.

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Analyst Recommendations for Hargreaves Lansdown (LON:HL)

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