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Hargreaves Lansdown (LON:HL) Stock Passes Above 200 Day Moving Average - Here's Why

Hargreaves Lansdown logo with Financial Services background

Hargreaves Lansdown plc (LON:HL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,055.76 ($13.31) and traded as high as GBX 1,093.50 ($13.78). Hargreaves Lansdown shares last traded at GBX 1,092.50 ($13.77), with a volume of 878,414 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "buy" rating on shares of Hargreaves Lansdown in a report on Friday, August 9th. 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 MarketBeat.com, Hargreaves Lansdown currently has a consensus rating of "Hold" and an average target price of GBX 1,048.20 ($13.21).

Read Our Latest Report on HL

Hargreaves Lansdown Stock Down 0.1 %

The company's 50-day moving average price is GBX 1,095.41 and its 200 day moving average price is GBX 1,055.76. The stock has a market capitalization of £5.17 billion, a P/E ratio of 1,759.68, a P/E/G ratio of 4.22 and a beta of 0.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.04 and a current ratio of 2.15.

About Hargreaves Lansdown

(Get Free Report)

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.

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