LGN (NASDAQ:LGN) Given New $45.00 Price Target at Barclays

LGN (NASDAQ:LGN) had its target price upped by research analysts at Barclays from $37.00 to $45.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 9.44% from the company’s previous close.

A number of other research firms have also weighed in on LGN. Tigress Financial raised their price objective on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings started coverage on shares of LGN in a report on Wednesday, January 14th. They issued a “sell (d+)” rating on the stock. Finally, Zacks Research raised shares of LGN from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, LGN presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

LGN Trading Up 2.1%

Shares of NASDAQ LGN traded up $1.03 on Friday, reaching $49.69. 569,591 shares of the company’s stock traded hands, compared to its average volume of 1,199,873. LGN has a 12 month low of $26.96 and a 12 month high of $50.20. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.98.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in LGN stock. Harbor Capital Advisors Inc. bought a new position in shares of LGN (NASDAQ:LGN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,353 shares of the company’s stock, valued at approximately $1,220,000.

LGN Company Profile

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.