Legal & General Group (LGEN) PT Raised to GBX 305 at Deutsche Bank

Legal & General Group (LON:LGEN) had its target price boosted by equities researchers at Deutsche Bank from GBX 270 ($3.61) to GBX 305 ($4.08) in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s price objective would suggest a potential upside of 12.26% from the company’s current price.

Several other research analysts also recently weighed in on LGEN. Jefferies Group upped their target price on shares of Legal & General Group from GBX 249 ($3.33) to GBX 253 ($3.38) and gave the company a “hold” rating in a research note on Monday, September 11th. Barclays reduced their price objective on shares of Legal & General Group from GBX 280 ($3.74) to GBX 279 ($3.73) and set an “overweight” rating on the stock in a research note on Monday, September 11th. Goldman Sachs Group reduced their price objective on shares of Legal & General Group from GBX 255 ($3.41) to GBX 250 ($3.34) and set a “neutral” rating on the stock in a research note on Tuesday, September 12th. Citigroup upgraded shares of Legal & General Group to a “buy” rating and set a GBX 296 ($3.96) price objective on the stock in a research note on Thursday, November 2nd. Finally, Numis Securities upgraded shares of Legal & General Group to an “add” rating and set a GBX 305 ($4.08) price objective on the stock in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Legal & General Group has an average rating of “Hold” and an average target price of GBX 267.94 ($3.58).

Legal & General Group (LGEN) opened at GBX 271.70 ($3.63) on Thursday. The firm has a market cap of $16,170.00 and a price-to-earnings ratio of 1,045.00. Legal & General Group has a 52 week low of GBX 231.60 ($3.10) and a 52 week high of GBX 279.90 ($3.74).

In other news, insider John Kingman acquired 1,282 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were acquired at an average price of GBX 273 ($3.65) per share, with a total value of £3,499.86 ($4,679.58). Also, insider Toby Strauss acquired 950 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average cost of GBX 264 ($3.53) per share, for a total transaction of £2,508 ($3,353.39). Over the last 90 days, insiders bought 2,842 shares of company stock worth $764,876.

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About Legal & General Group

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 (LON:LGEN)

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