Shore Capital Reaffirms “Buy” Rating for Legal & General Group (LGEN)
A number of other equities analysts have also commented on LGEN. Barclays reaffirmed an overweight rating on shares of Legal & General Group in a research report on Thursday, August 10th. Societe Generale reissued a hold rating and set a GBX 250 ($3.36) price objective on shares of Legal & General Group in a report on Thursday, August 10th. Macquarie lifted their price objective on shares of Legal & General Group from GBX 201 ($2.71) to GBX 218 ($2.93) and gave the company an underperform rating in a report on Thursday, August 10th. reissued a buy rating and set a GBX 290 ($3.90) price objective on shares of Legal & General Group in a report on Wednesday, August 23rd. Finally, Deutsche Bank reissued a hold rating on shares of Legal & General Group in a report on Friday, September 8th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 265 ($3.57).
Shares of Legal & General Group (LON LGEN) traded up GBX 0.20 ($0.00) during trading hours on Wednesday, hitting GBX 260.10 ($3.50). 22,066,760 shares of the stock were exchanged, compared to its average volume of 13,590,000. Legal & General Group has a fifty-two week low of GBX 231.60 ($3.12) and a fifty-two week high of GBX 279.90 ($3.77).
In related news, insider Toby Strauss acquired 950 shares of the stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of GBX 264 ($3.55) per share, for a total transaction of £2,508 ($3,375.50). Also, insider John Kingman acquired 237 shares of the stock in a transaction dated Thursday, September 21st. The shares were bought at an average price of GBX 258 ($3.47) per share, with a total value of £611.46 ($822.96). Over the last 90 days, insiders acquired 2,426 shares of company stock valued at $640,205.
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Legal & General Group 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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