Legal & General Group Given Buy Rating at Berenberg Bank (LGEN)
Legal & General Group (LON:LGEN)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report released on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 225 ($3.60) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 13.18% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Legal & General Group (LON:LGEN) from GBX 189 ($3.03) to GBX 225 ($3.60) in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Legal & General Group (LON:LGEN) in a research note to investors on Wednesday, September 18th. They now have a GBX 215 ($3.44) price target on the stock, up previously from GBX 180 ($2.88). Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Legal & General Group (LON:LGEN) from GBX 195 ($3.12) to GBX 205 ($3.28) in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 185.21 ($2.97).
Legal & General Group (LON:LGEN) traded down 1.58% during mid-day trading on Friday, hitting GBX 198.80. The stock had a trading volume of 12,957,693 shares. Legal & General Group has a 52-week low of GBX 130.00 and a 52-week high of GBX 205.40. The stock has a 50-day moving average of GBX 196.3 and a 200-day moving average of GBX 181.2. The company’s market cap is £11.679 billion.
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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