Legal & General Group Plc (LGEN) Earns Outperform Rating from Royal Bank Of Canada
Legal & General Group Plc (LON:LGEN)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a report released on Tuesday. They currently have a GBX 300 ($3.92) target price on the financial services provider’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 38.50% from the company’s current price.
LGEN has been the topic of several other reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Legal & General Group Plc in a report on Friday, June 24th. Jefferies Group cut Legal & General Group Plc to a “hold” rating and decreased their price objective for the stock from GBX 269 ($3.51) to GBX 197 ($2.57) in a report on Tuesday, July 5th. JPMorgan Chase & Co. decreased their price objective on Legal & General Group Plc from GBX 216 ($2.82) to GBX 202 ($2.64) and set an “underweight” rating on the stock in a report on Tuesday, July 26th. Barclays PLC decreased their price objective on Legal & General Group Plc from GBX 197 ($2.57) to GBX 194 ($2.53) and set an “equal weight” rating on the stock in a report on Wednesday, August 10th. Finally, Macquarie upped their price objective on Legal & General Group Plc from GBX 193 ($2.52) to GBX 201 ($2.62) and gave the stock a “neutral” rating in a report on Friday, September 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 244.56 ($3.19).
Legal & General Group Plc (LON:LGEN) opened at 216.60 on Tuesday. The firm’s market cap is GBX 12.84 billion. The stock has a 50 day moving average of GBX 213.23 and a 200-day moving average of GBX 217.00. Legal & General Group Plc has a 12 month low of GBX 160.50 and a 12 month high of GBX 275.40.
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were given a dividend of GBX 4 ($0.05) per share. This represents a yield of 1.94%. The ex-dividend date of this dividend was Thursday, August 18th.
In other Legal & General Group Plc news, insider Rudy Markham purchased 1,424 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was bought at an average cost of GBX 217 ($2.83) per share, for a total transaction of £3,090.08 ($4,033.52). Also, insider Meddings,Richard H purchased 1,186 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was acquired at an average price of GBX 212 ($2.77) per share, with a total value of £2,514.32 ($3,281.97).
Legal & General Group Plc Company Profile
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