Hargreaves Lansdown (LON:HL) Stock Crosses Above 200 Day Moving Average – Here’s Why

Hargreaves Lansdown plc (LON:HL)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,038.02 ($13.51) and traded as high as GBX 1,091 ($14.20). Hargreaves Lansdown shares last traded at GBX 1,089.50 ($14.18), with a volume of 964,031 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on HL. Shore Capital reiterated a “buy” rating on shares of Hargreaves Lansdown in a report on Friday, August 9th. JPMorgan Chase & Co. increased their target price on Hargreaves Lansdown from GBX 671 ($8.73) to GBX 684 ($8.90) and gave the stock an “underweight” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,048.20 ($13.64).

Hargreaves Lansdown Stock Performance

The stock has a market capitalization of £5.17 billion, a P/E ratio of 1,758.06, a P/E/G ratio of 4.22 and a beta of 0.66. The firm’s 50 day simple moving average is GBX 1,096.66 and its two-hundred day simple moving average is GBX 1,042.99. The company has a quick ratio of 2.04, a current ratio of 2.15 and a debt-to-equity ratio of 1.05.

Hargreaves Lansdown Company Profile

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.