Citigroup Inc. Upgrades Legal & General Group Plc (LGEN) to “Buy”
Citigroup Inc. upgraded shares of Legal & General Group Plc (LON:LGEN) to a buy rating in a research note published on Thursday, MarketBeat reports. The brokerage currently has GBX 296 ($3.91) target price on the financial services provider’s stock.
LGEN has been the topic of a number of other reports. Macquarie increased their price objective on shares of Legal & General Group Plc from GBX 201 ($2.65) to GBX 218 ($2.88) and gave the company an underperform rating in a research note on Thursday, August 10th. Jefferies Group LLC upped their target price on shares of Legal & General Group Plc from GBX 249 ($3.29) to GBX 253 ($3.34) and gave the company a hold rating in a report on Monday, September 11th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Legal & General Group Plc from GBX 255 ($3.37) to GBX 250 ($3.30) and set a neutral rating on the stock in a report on Tuesday, September 12th. Societe Generale restated a hold rating and issued a GBX 250 ($3.30) target price on shares of Legal & General Group Plc in a report on Thursday, August 10th. Finally, Shore Capital restated a buy rating on shares of Legal & General Group Plc in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 257.88 ($3.40).
Shares of Legal & General Group Plc (LON LGEN) opened at GBX 271.27 ($3.58) on Thursday. Legal & General Group Plc has a 12 month low of GBX 204.08 ($2.69) and a 12 month high of GBX 279.90 ($3.69).
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In other Legal & General Group Plc news, insider John Kingman purchased 610 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were purchased at an average price of GBX 269 ($3.55) per share, for a total transaction of £1,640.90 ($2,165.35). Insiders purchased 2,109 shares of company stock worth $553,985 in the last 90 days.
About Legal & General Group Plc
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).
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