Legal & General Group Plc (LON:LGEN) had its price objective dropped by Goldman Sachs Group, Inc. (The) from GBX 255 ($3.29) to GBX 250 ($3.23) in a note issued to investors on Tuesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective would suggest a potential downside of 2.31% from the company’s current price.

A number of other research analysts have also commented on LGEN. Deutsche Bank AG restated a “hold” rating and set a GBX 255 ($3.29) price target on shares of Legal & General Group Plc in a research report on Tuesday, May 16th. Shore Capital restated a “buy” rating on shares of Legal & General Group Plc in a research report on Friday, May 19th. Barclays PLC restated an “overweight” rating on shares of Legal & General Group Plc in a research report on Monday, May 22nd. J P Morgan Chase & Co restated an “underweight” rating on shares of Legal & General Group Plc in a research report on Monday, May 22nd. Finally, Morgan Stanley reduced their price target on shares of Legal & General Group Plc from GBX 260 ($3.36) to GBX 250 ($3.23) and set an “equal weight” rating for the company in a research report on Tuesday, May 23rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 256.65 ($3.31).

Shares of Legal & General Group Plc (LGEN) opened at 254.10 on Tuesday. The firm’s 50-day moving average price is GBX 264.79 and its 200 day moving average price is GBX 256.67. Legal & General Group Plc has a 1-year low of GBX 204.08 and a 1-year high of GBX 279.90. The company’s market capitalization is GBX 15.08 billion.

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In other Legal & General Group Plc news, insider John Kingman purchased 633 shares of the stock in a transaction on Friday, September 1st. The stock was acquired at an average cost of GBX 260 ($3.36) per share, with a total value of £1,645.80 ($2,125.53). Also, insider Toby Strauss purchased 934 shares of the stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of GBX 269 ($3.47) per share, with a total value of £2,512.46 ($3,244.81). Insiders acquired 2,546 shares of company stock valued at $667,429 over the last three months.

Legal & General Group Plc Company Profile

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

Analyst Recommendations for Legal & General Group Plc (LON:LGEN)

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