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DJ Hargreaves Lansdown to Benefit in Long-Term From Younger Clientele -- Market Talk

· 02/05/2021 11:21

1621 GMT - Asset Manager Hargreaves Lansdown's significant growth potential is in its younger clientele, which should offset any near-term volatility, Peel Hunt says. "The more interesting element of the results was the falling average age of the client base, with 62% now under the age of 55," the brokerage says. It is ultimately these clients that will drive long-term growth, "generating flows and delivering a higher lifetime value," it says. Peel Hunt maintains a buy rating on the stock with a target price of 1,835 pence, up from 1,810 pence. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 11:21 ET (16:21 GMT)

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