Barclays Boosts Legal & General Group (LGEN) Price Target to GBX 294
Legal & General Group (LON:LGEN) had its target price upped by equities research analysts at Barclays from GBX 279 ($3.76) to GBX 294 ($3.96) in a research note issued on Monday. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays’ price objective would indicate a potential upside of 13.03% from the company’s current price.
LGEN has been the subject of a number of other reports. Societe Generale lowered Legal & General Group to a “sell” rating and decreased their target price for the company from GBX 250 ($3.36) to GBX 240 ($3.23) in a report on Tuesday, November 28th. Jefferies Group lifted their price target on Legal & General Group from GBX 249 ($3.35) to GBX 253 ($3.41) and gave the stock a “hold” rating in a report on Monday, September 11th. Shore Capital reaffirmed a “buy” rating on shares of Legal & General Group in a report on Tuesday, November 14th. Goldman Sachs Group decreased their price target on Legal & General Group from GBX 255 ($3.43) to GBX 250 ($3.36) and set a “neutral” rating for the company in a report on Tuesday, September 12th. Finally, Numis Securities raised Legal & General Group to an “add” rating and set a GBX 305 ($4.10) price target for the company in a report on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Legal & General Group has an average rating of “Hold” and a consensus price target of GBX 265.88 ($3.58).
Legal & General Group (LON LGEN) opened at GBX 260.10 ($3.50) on Monday. Legal & General Group has a fifty-two week low of GBX 231.60 ($3.12) and a fifty-two week high of GBX 279.90 ($3.77).
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).
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