Stock Market News
Hargreaves Lansdown's growth drivers remain in place, says Barclays
Barclays reiterated its fondness for Hargreaves Lansdown shares on Thursday, saying drivers for the business remain in place in 2018.
Barclays, reiterated its 'overweight' rating and raised its target price to 2,100p, said the savings, pensions and investment group has enjoyed great operational success over the past decade and the structural drivers of large savings and advice gaps in the UK "remain strong".
"Fee pressures appear manageable and flows and cash yields are likely to surprise on the upside, in our opinion."
On current forecasts the shares trade at 32 times calendar 2018 forecast earnings per share, falling to 28 times on 2019 estimated EPS, which is within the historical forward PE range of 15-35x.
Barclays, reiterated its 'overweight' rating and raised its target price to 2,100p, said the savings, pensions and investment group has enjoyed great operational success over the past decade and the structural drivers of large savings and advice gaps in the UK "remain strong".
"Fee pressures appear manageable and flows and cash yields are likely to surprise on the upside, in our opinion."
On current forecasts the shares trade at 32 times calendar 2018 forecast earnings per share, falling to 28 times on 2019 estimated EPS, which is within the historical forward PE range of 15-35x.
Related share prices |
---|
Hargreaves Lansdown (HL.) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price