J P Morgan Chase & Co Reaffirms Underweight Rating for Legal & General Group Plc (LGEN)
Several other equities research analysts have also recently weighed in on LGEN. Deutsche Bank AG upped their target price on Legal & General Group Plc from GBX 255 ($3.35) to GBX 270 ($3.55) and gave the stock a hold rating in a report on Wednesday, July 26th. Shore Capital reiterated a buy rating on shares of Legal & General Group Plc in a report on Wednesday, August 9th. Barclays PLC reiterated an overweight rating on shares of Legal & General Group Plc in a report on Thursday, August 10th. Societe Generale reiterated a hold rating and issued a GBX 250 ($3.29) target price on shares of Legal & General Group Plc in a report on Thursday, August 10th. Finally, Macquarie upped their target price on Legal & General Group Plc from GBX 201 ($2.64) to GBX 218 ($2.87) and gave the stock an underperform rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 257.88 ($3.39).
Shares of Legal & General Group Plc (LGEN) opened at GBX 266.60 ($3.51) on Thursday. Legal & General Group Plc has a 1-year low of GBX 228.30 ($3.00) and a 1-year high of GBX 279.90 ($3.68).
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In other news, insider John Kingman acquired 237 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were acquired at an average cost of GBX 258 ($3.39) per share, with a total value of £611.46 ($804.24). Over the last quarter, insiders acquired 2,109 shares of company stock valued at $553,985.
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).
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