J P Morgan Chase & Co Reaffirms Underweight Rating for Legal & General Group (LGEN)
J P Morgan Chase & Co reiterated their underweight rating on shares of Legal & General Group (LON:LGEN) in a research note published on Thursday morning. They currently have a GBX 218 ($2.93) target price on the financial services provider’s stock.
A number of other equities research analysts have also weighed in on LGEN. Shore Capital reaffirmed a buy rating on shares of Legal & General Group in a research note on Wednesday, December 6th. Societe Generale lowered shares of Legal & General Group to a sell rating and cut their target price for the company from GBX 250 ($3.36) to GBX 240 ($3.23) in a research note on Tuesday, November 28th. HSBC lifted their target price on shares of Legal & General Group from GBX 290 ($3.90) to GBX 295 ($3.97) and gave the company a buy rating in a research note on Thursday, November 23rd. Citigroup reaffirmed a buy rating on shares of Legal & General Group in a research note on Thursday, November 16th. Finally, Deutsche Bank reaffirmed a hold rating on shares of Legal & General Group in a research note on Wednesday, November 8th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Legal & General Group presently has a consensus rating of Hold and an average target price of GBX 265 ($3.57).
Legal & General Group (LON LGEN) opened at GBX 260.10 ($3.50) on Thursday. Legal & General Group has a 52-week low of GBX 231.60 ($3.12) and a 52-week high of GBX 279.90 ($3.77).
In related news, insider John Kingman acquired 629 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was purchased at an average cost of GBX 261 ($3.51) per share, with a total value of £1,641.69 ($2,209.54). Also, insider Toby Strauss acquired 950 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of GBX 264 ($3.55) per share, with a total value of £2,508 ($3,375.50). Insiders have bought 2,426 shares of company stock valued at $640,205 over the last three months.
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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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