Canaccord Genuity Group Reaffirms “Buy” Rating for Hargreaves Lansdown (LON:HL)

Canaccord Genuity Group reaffirmed their buy rating on shares of Hargreaves Lansdown (LON:HL) in a research report sent to investors on Thursday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 1,148 ($14.59) price target on the stock.

Other analysts have also issued research reports about the stock. Shore Capital restated a buy rating on shares of Hargreaves Lansdown in a research report on Tuesday, April 30th. Jefferies Financial Group restated a buy rating and issued a GBX 1,035 ($13.15) target price on shares of Hargreaves Lansdown in a research report on Wednesday, May 1st. Barclays raised their target price on shares of Hargreaves Lansdown from GBX 1,210 ($15.38) to GBX 1,250 ($15.89) and gave the company an overweight rating in a research report on Wednesday, May 1st. Finally, Royal Bank of Canada cut their target price on shares of Hargreaves Lansdown from GBX 850 ($10.80) to GBX 825 ($10.49) and set a sector perform rating on the stock in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Hargreaves Lansdown has an average rating of Hold and a consensus price target of GBX 959 ($12.19).

Hargreaves Lansdown Stock Performance

Shares of LON:HL opened at GBX 1,090 ($13.85) on Thursday. The company’s 50 day simple moving average is GBX 783.62 and its 200 day simple moving average is GBX 756.85. The stock has a market capitalization of £5.17 billion, a price-to-earnings ratio of 1,579.71, a price-to-earnings-growth ratio of 4.22 and a beta of 0.56. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.27 and a quick ratio of 2.04. Hargreaves Lansdown has a 1 year low of GBX 676.40 ($8.60) and a 1 year high of GBX 1,151 ($14.63).

Insider Buying and Selling at Hargreaves Lansdown

In related news, insider Alison Platt bought 18,696 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of GBX 748 ($9.51) per share, for a total transaction of £139,846.08 ($177,740.32). In other Hargreaves Lansdown news, insider Alison Platt purchased 18,696 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of GBX 748 ($9.51) per share, for a total transaction of £139,846.08 ($177,740.32). Also, insider Darren Pope purchased 3,999 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average price of GBX 746 ($9.48) per share, for a total transaction of £29,832.54 ($37,916.29). Corporate insiders own 25.75% of the company’s stock.

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.