Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

863.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 1,457.50p
  • 52 Week Low: 740.80p
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 762,262
  • Market Cap: £4,096.22m
  • RiskGrade: 176

UK equities look overbought, says Credit Suisse

By Oliver Haill

Date: Monday 06 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Since April, UK equities have outperformed euro area stocks by around 3% and global stocks by around 1%, but with oil prices felt to have peaked and shares looking "overbought", Credit Suisse strategists have downgraded their stance.
The Swiss bank downgraded its stance on UK equities to 'benchmark' from 'overweight', having upgraded at the end of April, and picked out a handful of stocks that have expensive valuations, negative earnings revisions and are rated 'underperform', namely Croda, Meggit, Intertek, Rotork, and Hargreaves Lansdown.

Part of the downgrade stemmed from the prediction that sterling is likely to remain supported as Britain will be able to achieve "relatively soft Brexit". The pound is "circa 20% cheap" versus the dollar and, with UK GDP growth outlook seeming to be stabilising, the strategists noted that sterling speculators are short and that "UK equities have done better than the weakness of sterling would have suggested since our upgrade".

The strategists have also taken a more cautious view on commodities, which represents around a quarter of the FTSE 100 market cap. They note that UK equities tend to outperform as the oil price rises but declared that "oil has peaked" and that, furthermore, Chinese money supply data "is consistent with much weaker commodity prices".





"The UK market is now overbought: The equity market underperforms 70% of the time this happens."

However, there were some UK stocks that were screened positively as cheap, with positive earnings revisions and rated 'outperform' are Ashtead, BP, Imperial Brands and ITV.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HL. Market Data

Currency UK Pounds
Share Price 863.60p
Change Today 0.20p
% Change 0.02 %
52 Week High 1,457.50p
52 Week Low 740.80p
Volume 762,262
Shares Issued 474.32m
Market Cap £4,096.22m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average
64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average
Price Trend
28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average
Income
34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average
41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average
Growth
96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average
96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 10
Sell 0
Strong Sell 3
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HL. Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Sep-22 03-Mar-22
Paid 24-Oct-22 01-Apr-22
Amount 27.44p 12.26p

Trades for 25-Nov-2022

Time Volume / Share Price
17:01 4,150 @ 852.09p
17:01 4,150 @ 852.26p
16:59 5,140 @ 855.89p
16:45 181 @ 859.00p
16:45 181 @ 859.00p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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