Shore Capital Reaffirms “Buy” Rating for Henderson Group Plc (HGG)

Shore Capital restated their buy rating on shares of Henderson Group Plc (LON:HGG) in a research note released on Thursday.

Several other analysts have also weighed in on HGG. Macquarie lifted their price objective on Henderson Group Plc from GBX 232 ($2.90) to GBX 405 ($5.06) and gave the stock a neutral rating in a report on Monday, October 17th. Royal Bank Of Canada decreased their price objective on Henderson Group Plc from GBX 330 ($4.12) to GBX 300 ($3.75) and set an outperform rating on the stock in a report on Thursday, October 20th. Jefferies Group LLC reissued a hold rating and set a GBX 238 ($2.97) price objective on shares of Henderson Group Plc in a report on Thursday, October 20th. Numis Securities Ltd restated a hold rating and set a GBX 233 ($2.91) target price on shares of Henderson Group Plc in a research report on Thursday, October 27th. Finally, Credit Suisse Group restated an outperform rating on shares of Henderson Group Plc in a research report on Friday, October 28th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 248.23 ($3.10).

Analyst Recommendations for Henderson Group Plc (LON:HGG)

Henderson Group Plc (LON:HGG) opened at 217.30 on Thursday. The firm has a 50-day moving average price of GBX 230.42 and a 200-day moving average price of GBX 236.40. Henderson Group Plc has a 12-month low of GBX 192.60 and a 12-month high of GBX 278.80. The stock’s market cap is GBX 2.38 billion.

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The company also recently announced a dividend, which will be paid on Friday, May 19th. Stockholders of record on Thursday, May 4th will be given a dividend of GBX 7.30 ($0.09) per share. The ex-dividend date is Thursday, May 4th. This represents a dividend yield of 3.43%. This is an increase from Henderson Group Plc’s previous dividend of $3.20.

In other news, insider Andrew Formica bought 600,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The stock was bought at an average price of GBX 211 ($2.64) per share, for a total transaction of £1,266,000 ($1,582,104.47). Also, insider Kalpana Desai bought 20,000 shares of the company’s stock in a transaction dated Thursday, December 22nd. The shares were purchased at an average price of GBX 235 ($2.94) per share, with a total value of £47,000 ($58,735.32). In the last 90 days, insiders have bought 620,116 shares of company stock valued at $131,327,280.

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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