UK stock alert
Afternoon Alert: Hargreaves Lansdown lifts 3.6%, leads Financial services sector higher 18 January 2018 14:43 GMT
NEWS BITES - EUROPE
Hargreaves Lansdown PLC (L:HL.) has lifted 3.6% to trade at GBX1,907.0 vs. the Financial services sector which strengthened 63.2 points (or 0.3%) to 18,494.0. Representing a weighting of about 9.0% of the sector, the stock accounted for 96.5% of today's gain. The shares have outperformed 91% of the market in the past week. Trading volume was 2.8 times average so far today.
Current indications of bullish signals that support the trend in the unusual trading:
+ The positive 53.44 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last one month the stock has hit a new 52-week high eleven times and in the last three months twenty-six times, pointing to a significant uptrend.
+ The price climbed 5.7% in the last week and soared 11.7% in the last month.
Other Bullish Signals include:
+ Total Liabilities/EBITDA of 1.6 is comfortably below the Joseph Piotroski benchmark of <5.
+ Net profit margin has averaged 49.7% in the last 3 years. This is considered superior and suggests a high margin of safety.
Tobin's Q Ratio is 12.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
The 1.1% discount to 12-month high of GBX1,927.50 against the 53.7% premium to 12-month low of GBX1,240.90 suggests the climb might be peaking.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 42.7 [11.8]
Dividend yield of 1.1% [3.2%]
Hargreaves Lansdown PLC (L:HL.; LON:HL.; LN:HL.)