Legal & General Group Given “Outperform” Rating at Macquarie (LGEN)
Legal & General Group (LON:LGEN)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 261 ($4.19) price objective on the stock. Macquarie’s price target points to a potential upside of 34.19% from the company’s current price.
A number of other firms have also recently commented on LGEN. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Legal & General Group in a research note to investors on Tuesday. They now have a GBX 225 ($3.61) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Legal & General Group in a research note to investors on Friday, October 4th. They now have a GBX 215 ($3.45) price target on the stock. Finally, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Legal & General Group in a research note to investors on Monday, September 30th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 190.92 ($3.06).
Shares of Legal & General Group (LON:LGEN) traded up 4.29% on Thursday, hitting GBX 194.50. The stock had a trading volume of 13,033,508 shares. Legal & General Group has a 52 week low of GBX 130.00 and a 52 week high of GBX 205.40. The stock’s 50-day moving average is GBX 196.3 and its 200-day moving average is GBX 181.2. The company’s market cap is £11.427 billion.
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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