Legal & General (LGEN) Stock Rating Reaffirmed by Deutsche Bank

Legal & General (LON:LGEN)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a note issued to investors on Friday. They presently have a GBX 305 ($4.09) target price on the financial services provider’s stock. Deutsche Bank’s price target would indicate a potential upside of 9.87% from the company’s current price.

A number of other research analysts also recently issued reports on LGEN. Deutsche Bank reiterated a “hold” rating and set a GBX 305 ($4.09) target price on shares of Legal & General in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Legal & General from GBX 218 ($2.92) to GBX 258 ($3.46) and gave the company an “underperform” rating in a research report on Wednesday. HSBC reiterated a “buy” rating on shares of Legal & General in a research report on Wednesday, May 9th. Credit Suisse Group boosted their target price on shares of Legal & General from GBX 215 ($2.88) to GBX 245 ($3.29) and gave the company an “underperform” rating in a research report on Friday, May 4th. Finally, Barclays reiterated an “overweight” rating on shares of Legal & General in a research report on Wednesday, March 7th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 277.93 ($3.73).

Legal & General stock opened at GBX 277.60 ($3.72) on Friday. Legal & General has a 12-month low of GBX 241.65 ($3.24) and a 12-month high of GBX 279.90 ($3.76).

In other news, insider Nigel Wilson sold 228,989 shares of the company’s stock in a transaction on Saturday, April 14th. The shares were sold at an average price of GBX 271 ($3.64), for a total value of £620,560.19 ($832,631.41). Also, insider Carolyn Bradley bought 674 shares of Legal & General stock in a transaction dated Wednesday, April 4th. The stock was purchased at an average price of GBX 256 ($3.43) per share, with a total value of £1,725.44 ($2,315.09). In the last 90 days, insiders have acquired 2,706 shares of company stock worth $718,978.

Legal & General Company Profile

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and General Insurance (GI) segments. The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages.

Analyst Recommendations for Legal & General (LON:LGEN)

Receive News & Ratings for Legal & General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply