Legal & General Group (LON:LGEN) Rating Reaffirmed
Researchers at Barclays now has a GBX 302 target price on Legal & General Group (LON:LGEN). Barclays and their recent target price means a potential upside of 12.64% from the company’s last stock close price. The rating has been revealed in a comprehensive report on Thursday morning.
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 0.92% above today’s (GBX 266.9) stock price. Legal General Group PLC was the topic of 56 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 14 with “Outperform” rating. Societe Generale maintained shares with “Sell” rating and GBX 200 target share price in a report from a December 7. Nomura maintained LGEN stock in a recent report from December 10 with “Buy” rating. Deutsche Bank maintained the rating on December 7. Deutsche Bank has a “Buy” rating and a GBX 315 price target on shares. Finally, JP Morgan maintained the stock with “Underweight” rating in a report issued on a December 8.
Approximately 3.92M shares of stock traded hands. Legal & General Group Plc (LON:LGEN) has declined 2.53% since May 20, 2015 and is downtrending. It has underperformed by 0.27% 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 15.77 billion GBP. The Firm manages around ï¿½709 billion in assets for more than 3,000 institutional clients. It has 15.54 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).