Shares of Hargreaves Lansdown PLC (LON:HL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1,991.70 and traded as high as $1,934.00. Hargreaves Lansdown shares last traded at $1,909.00, with a volume of 752,214 shares traded.
A number of equities research analysts have recently issued reports on HL shares. Barclays reduced their target price on shares of Hargreaves Lansdown from GBX 2,320 ($30.31) to GBX 2,115 ($27.64) and set an “equal weight” rating for the company in a research report on Friday, August 9th. Peel Hunt raised Hargreaves Lansdown to an “add” rating and boosted their price target for the company from GBX 1,750 ($22.87) to GBX 2,000 ($26.13) in a research note on Thursday, August 8th. Shore Capital reaffirmed a “hold” rating on shares of Hargreaves Lansdown in a research note on Thursday, August 8th. Numis Securities reissued a “hold” rating on shares of Hargreaves Lansdown in a research note on Monday, June 10th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,630 ($21.30) target price (up previously from GBX 1,575 ($20.58)) on shares of Hargreaves Lansdown in a research note on Monday, May 13th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,826.11 ($23.86).
The stock has a market capitalization of $9.05 billion and a PE ratio of 36.71. The firm has a 50-day moving average price of GBX 2,003.86 and a 200-day moving average price of GBX 1,991.70.
About Hargreaves Lansdown (LON:HL)
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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