Hargreaves Lansdown (HL) Rating Lowered to Underweight at Morgan Stanley
Hargreaves Lansdown (LON:HL) was downgraded by equities research analysts at Morgan Stanley to an “underweight” rating in a report released on Wednesday. They currently have a GBX 1,870 ($24.43) price target on the stock, up from their prior price target of GBX 1,755 ($22.93). Morgan Stanley’s price target points to a potential upside of 3.23% from the company’s current price.
Other research analysts also recently issued research reports about the stock. Peel Hunt reiterated a “hold” rating on shares of Hargreaves Lansdown in a research report on Tuesday, August 7th. Citigroup reduced their price target on shares of Hargreaves Lansdown from GBX 1,500 ($19.60) to GBX 1,450 ($18.95) and set a “sell” rating for the company in a research report on Thursday, August 9th. Numis Securities restated a “hold” rating on shares of Hargreaves Lansdown in a research report on Monday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Hargreaves Lansdown in a research report on Friday, October 12th. Finally, Shore Capital restated a “hold” rating on shares of Hargreaves Lansdown in a research report on Tuesday, August 7th. Six investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,769.80 ($23.13).
Shares of Hargreaves Lansdown stock opened at GBX 1,811.50 ($23.67) on Wednesday. Hargreaves Lansdown has a fifty-two week low of GBX 1,258 ($16.44) and a fifty-two week high of GBX 1,935 ($25.28).
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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