Numis Securities upgraded shares of Legal & General Group (LON:LGEN) to an add rating in a report published on Thursday. The brokerage currently has GBX 305 ($4.21) price target on the financial services provider’s stock, up from their previous price target of GBX 125 ($1.73).
LGEN has been the subject of several other reports. Societe Generale downgraded shares of Legal & General Group to a sell rating and cut their price objective for the stock from GBX 250 ($3.45) to GBX 240 ($3.32) in a research report on Tuesday, November 28th. Shore Capital restated a buy rating on shares of Legal & General Group in a report on Tuesday, November 14th. HSBC boosted their target price on shares of Legal & General Group from GBX 290 ($4.01) to GBX 295 ($4.08) and gave the company a buy rating in a report on Thursday, November 23rd. Goldman Sachs Group restated a sell rating and issued a GBX 210 ($2.90) target price on shares of Legal & General Group in a report on Tuesday, February 20th. Finally, Barclays restated an overweight rating on shares of Legal & General Group in a report on Wednesday, February 28th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 265.94 ($3.67).
Legal & General Group (LON LGEN) opened at GBX 262.50 ($3.63) on Thursday. The firm has a market capitalization of $15,640.00 and a price-to-earnings ratio of 1,009.62. Legal & General Group has a 12 month low of GBX 241.65 ($3.34) and a 12 month high of GBX 279.90 ($3.87).
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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