Henderson Group Plc (LON:HGG) had its price target reduced by equities researchers at JPMorgan Chase & Co. from GBX 280 ($3.38) to GBX 245 ($2.96) in a report released on Tuesday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 1.41% from the company’s previous close.
Several other equities analysts have also recently issued reports on the stock. Jefferies Group raised shares of Henderson Group Plc to a “hold” rating and boosted their price objective for the company from GBX 172 ($2.08) to GBX 238 ($2.87) in a research note on Tuesday, October 4th. Peel Hunt reissued a “hold” rating and issued a GBX 270 ($3.26) price objective on shares of Henderson Group Plc in a research note on Monday, October 3rd. Numis Securities Ltd boosted their price objective on shares of Henderson Group Plc from GBX 225 ($2.71) to GBX 265 ($3.20) and gave the company a “hold” rating in a research note on Monday, October 3rd. Macquarie restated a “neutral” rating and set a GBX 243 ($2.93) target price on shares of Henderson Group Plc in a research report on Wednesday, October 5th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 215 ($2.59) target price on shares of Henderson Group Plc in a research report on Tuesday, October 4th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Henderson Group Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 253.92 ($3.06).
Shares of Henderson Group Plc (LON:HGG) opened at 241.10 on Tuesday. The firm’s market capitalization is GBX 2.63 billion. Henderson Group Plc has a 12 month low of GBX 192.60 and a 12 month high of GBX 278.80. The stock has a 50 day moving average of GBX 235.32 and a 200-day moving average of GBX 236.05.
In related news, insider Kalpana Desai acquired 20,000 shares of the company’s stock in a transaction dated Thursday, December 22nd. The stock was bought at an average price of GBX 235 ($2.84) per share, with a total value of £47,000 ($56,701.65). Also, insider Andrew Formica sold 483,630 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of GBX 216 ($2.61), for a total transaction of £1,044,640.80 ($1,260,273.62).
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.