Legal & General Group (LON:LGEN) Rating Reaffirmed
London: In a note issued to clients and investors on Monday, 14 December, Bernstein reiterated their Outperform rating on Legal & General Group (LON:LGEN) shares. They now have a GBX 315 price target on the company. Bernstein’s target would indicate a potential upside of 21.25% from the company’s previous stock close.
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 4.32% above today’s (GBX 258.2) stock price. Legal General Group PLC was the topic of 55 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 11 with “Neutral” rating. Bernstein maintained shares with “Outperform” rating and GBX 315 target share price in a report from a December 7. RBC Capital Markets maintained LGEN stock in a recent report from December 10 with “Outperform” rating. Deutsche Bank maintained the rating on December 7. Deutsche Bank has a “Buy” rating and a GBX 315 price target on shares. Finally, Societe Generale maintained the stock with “Sell” rating in a report issued on a December 7.
Approximately 2.23 million shares of stock traded hands. Legal & General Group Plc (LON:LGEN) has declined 2.93% since May 15, 2015 and is downtrending. It has outperformed by 1.48% the S&P500.
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 15.35 billion GBP. The Firm manages around ï¿½709 billion in assets for more than 3,000 institutional clients. It has 15.04 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).