Analysts Set Hargreaves Lansdown plc (LON:HL) Target Price at GBX 1,048.20

Hargreaves Lansdown plc (LON:HL) has received an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 1,048.20 ($13.61).

HL has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Hargreaves Lansdown from GBX 671 ($8.71) to GBX 684 ($8.88) and gave the stock an “underweight” rating in a report on Monday, July 15th. Shore Capital restated a “buy” rating on shares of Hargreaves Lansdown in a research note on Friday, August 9th.

Hargreaves Lansdown Stock Performance

HL opened at GBX 1,086 ($14.10) on Wednesday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04 and a current ratio of 2.15. The company has a market cap of £5.15 billion, a P/E ratio of 1,751.61, a P/E/G ratio of 4.22 and a beta of 0.66. The firm has a 50-day moving average price of GBX 1,099.05.

Hargreaves Lansdown Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 30 ($0.39) per share. This is an increase from Hargreaves Lansdown’s previous dividend of $13.20. The ex-dividend date is Thursday, October 3rd. This represents a yield of 2.78%. Hargreaves Lansdown’s dividend payout ratio 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.