Legal & General Group Plc (LGEN) Upgraded to “Overweight” by Barclays PLC
Legal & General Group Plc (LON:LGEN) was upgraded by investment analysts at Barclays PLC to an “overweight” rating in a research note issued to investors on Thursday. The firm currently has a GBX 276 ($3.42) target price on the financial services provider’s stock, up from their previous target price of GBX 194 ($2.41). Barclays PLC’s target price points to a potential upside of 17.05% from the company’s previous close.
Several other brokerages have also recently issued reports on LGEN. Jefferies Group reissued a “hold” rating and issued a GBX 212 ($2.63) target price on shares of Legal & General Group Plc in a research report on Monday. Berenberg Bank raised their price objective on Legal & General Group Plc from GBX 276 ($3.42) to GBX 301 ($3.73) and gave the stock a “buy” rating in a research note on Friday, November 25th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 230 ($2.85) price objective on shares of Legal & General Group Plc in a research note on Thursday, September 22nd. JPMorgan Chase & Co. decreased their price objective on Legal & General Group Plc from GBX 202 ($2.51) to GBX 197 ($2.44) and set an “underweight” rating on the stock in a research note on Monday, October 3rd. Finally, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 305 ($3.78) price objective on shares of Legal & General Group Plc in a research note on Tuesday, September 27th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 248.47 ($3.08).
Shares of Legal & General Group Plc (LON:LGEN) opened at 235.80 on Thursday. The stock’s market cap is GBX 13.98 billion. The firm has a 50-day moving average price of GBX 219.53 and a 200 day moving average price of GBX 213.43. Legal & General Group Plc has a 52 week low of GBX 160.50 and a 52 week high of GBX 275.40.
In other news, insider Rudy Markham bought 1,424 shares of the stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost of GBX 217 ($2.69) per share, for a total transaction of £3,090.08 ($3,833.37). Also, insider Richard H. Meddings bought 1,317 shares of the stock in a transaction on Tuesday, November 1st. The stock was purchased at an average price of GBX 209 ($2.59) per share, with a total value of £2,752.53 ($3,414.63).
About Legal & General Group Plc
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