Legal & General Group Plc (LGEN) Receives Outperform Rating from Royal Bank Of Canada
Royal Bank Of Canada reissued their outperform rating on shares of Legal & General Group Plc (LON:LGEN) in a report issued on Wednesday. Royal Bank Of Canada currently has a GBX 300 ($3.92) target price on the financial services provider’s stock.
A number of other equities analysts have also recently weighed in on the company. Macquarie lifted their price target on Legal & General Group Plc from GBX 192 ($2.51) to GBX 199 ($2.60) and gave the stock an underperform rating in a research note on Thursday, May 26th. Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 265 ($3.46) price target on shares of Legal & General Group Plc in a research note on Wednesday, June 1st. BNP Paribas reissued an outperform rating and issued a GBX 275 ($3.59) price target on shares of Legal & General Group Plc in a research note on Wednesday, May 25th. Shore Capital reissued a buy rating on shares of Legal & General Group Plc in a research note on Friday, June 24th. Finally, Deutsche Bank AG reissued a buy rating on shares of Legal & General Group Plc in a research note on Friday, June 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 244 ($3.18).
Legal & General Group Plc (LON:LGEN) opened at 212.80 on Wednesday. The company has a 50-day moving average of GBX 210.80 and a 200 day moving average of GBX 218.28. The stock’s market cap is GBX 12.61 billion. Legal & General Group Plc has a 12-month low of GBX 160.50 and a 12-month high of GBX 275.40.
The firm also recently declared a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, August 18th will be issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, August 18th. This represents a dividend yield of 1.94%.
In other news, insider Meddings,Richard H acquired 1,186 shares of the stock in a transaction dated Thursday, September 1st. The shares were acquired at an average cost of GBX 212 ($2.77) per share, for a total transaction of £2,514.32 ($3,281.97). Also, insider Zlatkus,Lizabeth acquired 987 shares of the stock in a transaction dated Friday, July 1st. The shares were purchased at an average price of GBX 188 ($2.45) per share, for a total transaction of £1,855.56 ($2,422.09).
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