JP Morgan Cazenove Maintains “Underweight” Rating for Legal General Group PLC (LON:LGEN) stock. What’s the Best Move for Investors?


Legal General Group PLC (LON:LGEN) Rating Reaffirmed

This Morning, 8 December, Legal General Group PLC (LON:LGEN)’s “Underweight” rating was maintained by JP Morgan Cazenove in an analyst note.

From a total of 19 analysts covering Legal General Group PLC (LON:LGEN) stock, 12 rate it a ”Buy”, 4 a “Sell”, and 6 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is GBX 315 while the lowest target price is GBX 200. The mean of all analyst targets is GBX 280.79 with a -0.30% below today’s (GBX 270.15) stock price. Legal General Group PLC was the topic of 49 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 294 target share price in a report from a November 5. Barclays Capital maintained LGEN stock in a recent report from December 1 with “Overweight” rating. Wood maintained the rating on November 4. Wood has a “Underperform” rating and a GBX 180 price target on shares. Finally, Nomura maintained the stock with “Buy” rating in a report issued on a November 18.

The stock increased 0.65% or GBX 1.75 on December 7, striking GBX 270.15. Approximately shares of stock traded hands. Legal & General Group Plc (LON:LGEN) has declined 0.04% since May 11, 2015 and is downtrending. It has outperformed by 1.04% the S&P500.

JP Morgan Cazenove Maintains

Legal & General Group plc is engaged in life assurance and long-term savings business, fund management, and general insurance and health business around the world. The company has a market cap of 15.90 billion GBP. The Firm manages around �709 billion in assets for more than 3,000 institutional clients. It has 15.73 P/E ratio. The Firm operates through the following businesses: Insurance; Savings; Legal & General Retirement ; Legal & General Investment Management (LGIM); Legal & General Capital (LGC), and Legal & General America (LGA).