Hargreaves Lansdown (HL) Given New GBX 2,200 Price Target at Barclays

Hargreaves Lansdown (LON:HL) had its price objective boosted by Barclays from GBX 2,100 ($27.18) to GBX 2,200 ($28.48) in a report published on Wednesday morning. The firm currently has an overweight rating on the stock.

Several other brokerages have also weighed in on HL. Peel Hunt reiterated a hold rating on shares of Hargreaves Lansdown in a research report on Tuesday, August 7th. Shore Capital reiterated a hold rating on shares of Hargreaves Lansdown in a research report on Tuesday, August 7th. Jefferies Financial Group lowered Hargreaves Lansdown to an underweight rating and increased their price objective for the stock from GBX 1,490 ($19.29) to GBX 1,650 ($21.36) in a research report on Monday, July 23rd. JPMorgan Chase & Co. lowered their price objective on Hargreaves Lansdown from GBX 1,790 ($23.17) to GBX 1,770 ($22.91) and set an underweight rating for the company in a research report on Wednesday. Finally, Numis Securities reiterated an add rating on shares of Hargreaves Lansdown in a research report on Tuesday, August 7th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 1,732.18 ($22.42).

HL stock opened at GBX 2,091 ($27.07) on Wednesday. Hargreaves Lansdown has a 1 year low of GBX 1,258 ($16.28) and a 1 year high of GBX 1,935 ($25.05).

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

About Hargreaves Lansdown

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).

Further Reading: Investing in Dividend Stocks

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