Zacks Investment Research Upgrades Legal & General Group Plc (LGGNY) to Hold
Legal & General Group Plc (NASDAQ:LGGNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “LEGAL & GENERAL is a leading UK risk, savings and investment group. Legal & General today provides life assurance and other financial protection products, annuities and long-term savings products including ISA’s and pensions. With over £250 billion in funds under management, it is also the largest investor for UK pension funds. Legal & General has over 5.5 million UK customers. Their products are sold through over thirty bank and building society relationships, through Independent Financial Advisers and also directly to customers. Legal & General Assurance Society Limited, their principal operating company, is one of Europe’s top rated life companies for financial strength, with an AA+ rating from Standard & Poor’s and Aa1 from Moody’s. “
Other analysts have also issued reports about the stock. BNP Paribas lowered shares of Legal & General Group Plc from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 7th. Jefferies Group lowered shares of Legal & General Group Plc from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Legal & General Group Plc in a research note on Friday, June 3rd. Beaufort Securities reaffirmed a “buy” rating on shares of Legal & General Group Plc in a research note on Thursday, August 11th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Legal & General Group Plc in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy”.
Legal & General Group Plc (NASDAQ:LGGNY) opened at 14.77 on Wednesday. Legal & General Group Plc has a 12 month low of $10.76 and a 12 month high of $21.65. The firm has a market capitalization of $17.51 billion and a PE ratio of 10.98. The firm’s 50-day moving average is $13.98 and its 200-day moving average is $15.27.
Legal & General Group Plc Company Profile
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 manages around £709 billion in assets for more than 3,000 institutional clients. The Company operates through the following businesses: Insurance; Savings; Legal & General Retirement (LGR); Legal & General Investment Management (LGIM); Legal & General Capital (LGC), and Legal & General America (LGA).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Legal & General Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.