Legal & General Group Plc’s (LGEN) “Hold” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reaffirmed their hold rating on shares of Legal & General Group Plc (LON:LGEN) in a research note issued to investors on Wednesday. Deutsche Bank AG currently has a GBX 225 ($2.94) price target on the financial services provider’s stock.
LGEN has been the topic of several other reports. Macquarie boosted their price objective on shares of Legal & General Group Plc from GBX 193 ($2.52) to GBX 201 ($2.62) and gave the company a neutral rating in a report on Friday, September 2nd. Shore Capital restated a buy rating on shares of Legal & General Group Plc in a report on Friday, June 24th. Jefferies Group lowered shares of Legal & General Group Plc to a hold rating and reduced their price objective for the company from GBX 269 ($3.51) to GBX 197 ($2.57) in a report on Tuesday, July 5th. JPMorgan Chase & Co. cut their price target on shares of Legal & General Group Plc from GBX 216 ($2.82) to GBX 202 ($2.64) and set an underweight rating on the stock in a research note on Tuesday, July 26th. Finally, Barclays PLC cut their price target on shares of Legal & General Group Plc from GBX 200 ($2.61) to GBX 197 ($2.57) and set an equal weight rating on the stock in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 244 ($3.18).
Shares of Legal & General Group Plc (LON:LGEN) opened at 213.50 on Wednesday. The firm’s market capitalization is GBX 12.65 billion. Legal & General Group Plc has a 1-year low of GBX 160.50 and a 1-year high of GBX 275.40. The company has a 50-day moving average of GBX 210.80 and a 200-day moving average of GBX 218.28.
The business also recently declared a dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, August 18th will be issued a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.94%. The ex-dividend date is Thursday, August 18th.
In other Legal & General Group Plc news, insider Meddings,Richard H acquired 1,205 shares of the business’s stock in a transaction on Monday, August 1st. The stock was purchased at an average price of GBX 208 ($2.72) per share, for a total transaction of £2,506.40 ($3,271.64). Also, insider Zlatkus,Lizabeth acquired 987 shares of the business’s stock in a transaction on Friday, July 1st. The stock was acquired at an average price of GBX 188 ($2.45) per share, with a total value of £1,855.56 ($2,422.09).
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