Hargreaves Lansdown (LON:HL) Shares Pass Above 200-Day Moving Average of $1,991.70

Share on StockTwits

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.

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

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.

Featured Story: Capital Gains

Receive News & Ratings for Hargreaves Lansdown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hargreaves Lansdown and related companies with MarketBeat.com's FREE daily email newsletter.