Henderson Group Plc (HGG) Stock Rating Upgraded by Jefferies Group
Henderson Group Plc (LON:HGG) was upgraded by investment analysts at Jefferies Group to a “hold” rating in a report issued on Tuesday. The brokerage currently has a GBX 238 ($3.11) price target on the stock, up from their prior price target of GBX 172 ($2.25). Jefferies Group’s target price would suggest a potential downside of 12.08% from the stock’s current price.
Several other brokerages have also issued reports on HGG. Barclays PLC reaffirmed an “equal weight” rating on shares of Henderson Group Plc in a research note on Friday, July 29th. Royal Bank Of Canada downgraded Henderson Group Plc to an “underperform” rating and decreased their price objective for the stock from GBX 270 ($3.52) to GBX 210 ($2.74) in a report on Wednesday, July 20th. JPMorgan Chase & Co. downgraded Henderson Group Plc to a “neutral” rating and decreased their price objective for the stock from GBX 320 ($4.18) to GBX 225 ($2.94) in a report on Wednesday, June 29th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 225 ($2.94) price objective on shares of Henderson Group Plc in a report on Thursday, July 28th. Finally, BNP Paribas decreased their price objective on Henderson Group Plc from GBX 205 ($2.68) to GBX 200 ($2.61) and set a “neutral” rating on the stock in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Henderson Group Plc presently has a consensus rating of “Hold” and an average target price of GBX 259.58 ($3.39).
Henderson Group Plc (LON:HGG) opened at 270.70 on Tuesday. The company’s market cap is GBX 2.95 billion. Henderson Group Plc has a one year low of GBX 192.60 and a one year high of GBX 314.30. The firm has a 50-day moving average price of GBX 238.86 and a 200 day moving average price of GBX 242.39.
The business also recently declared a dividend, which was paid on Friday, September 16th. Stockholders of record on Thursday, August 25th were given a GBX 3.20 ($0.04) dividend. The ex-dividend date was Thursday, August 25th. This represents a dividend yield of 1.44%.
About Henderson Group Plc
Henderson Group plc is an independent global asset manager, specializing in active investment. The Company is a client-focused global business with assets under management. The Company’s segments include UK, Americas, Australia and Other. It manages a range of actively managed investment products for institutional and retail investors, across over five capabilities, which include European equities, global equities, global fixed income, multi-asset and alternatives, including private equity and property.
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