Hargreaves Lansdown’s (HL) “Overweight” Rating Reiterated at Barclays

Barclays restated their overweight rating on shares of Hargreaves Lansdown (LON:HL) in a research note released on Friday morning.

A number of other brokerages also recently weighed in on HL. Numis Securities reissued a buy rating on shares of Hargreaves Lansdown in a research note on Tuesday, October 2nd. Jefferies Financial Group downgraded Hargreaves Lansdown to an underweight rating and raised their price objective for the company from GBX 1,490 ($19.47) to GBX 1,650 ($21.56) in a research note on Monday, July 23rd. JPMorgan Chase & Co. reissued an underweight rating on shares of Hargreaves Lansdown in a research note on Tuesday, July 17th. Peel Hunt reissued a hold rating on shares of Hargreaves Lansdown in a research note on Thursday. Finally, Shore Capital reissued a hold rating on shares of Hargreaves Lansdown in a research note on Tuesday, August 7th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,758.30 ($22.98).

Shares of HL traded down GBX 44 ($0.57) during midday trading on Friday, reaching GBX 1,806.50 ($23.61). 1,997,246 shares of the stock were exchanged, compared to its average volume of 1,070,000. Hargreaves Lansdown has a 12-month low of GBX 1,258 ($16.44) and a 12-month high of GBX 1,935 ($25.28).

The firm also recently declared a dividend, which will be paid on Friday, October 19th. Shareholders of record on Thursday, September 27th will be given a GBX 29.90 ($0.39) dividend. This is an increase from Hargreaves Lansdown’s previous dividend of $10.10. This represents a yield of 1.46%. The ex-dividend date of this dividend is Thursday, September 27th.

Hargreaves Lansdown Company Profile

Hargreaves Lansdown plc provides advisory and third party investment services for individuals and corporates in the United Kingdom. The company operates through three segments: Vantage, Discretionary/Managed, and Third Party/Other Services. Its flagship service is Vantage, a direct-to-investor platform, which enables clients to hold their funds, shares, exchange traded funds (ETFs), bonds, investment trusts, individual savings accounts (ISAs), and self-invested personal pensions (SIPPs).

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Analyst Recommendations for Hargreaves Lansdown (LON:HL)

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