JPMorgan Chase & Co. Increases Legal & General Group Price Target to GBX 164 (LGEN)
Investment analysts at JPMorgan Chase & Co. boosted their price objective on shares of Legal & General Group (LON:LGEN) from GBX 151 ($2.44) to GBX 164 ($2.65) in a note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 24.14% from the stock’s previous close.
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 Friday, October 25th. They now have a GBX 225 ($3.64) price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Legal & General Group in a research note to investors on Thursday, October 10th. They now have a GBX 261 ($4.22) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Legal & General Group has an average rating of “Hold” and a consensus price target of GBX 194.85 ($3.15).
Shares of Legal & General Group (LON:LGEN) opened at 216.20 on Wednesday. Legal & General Group has a one year low of GBX 138.50 and a one year high of GBX 219.40. The stock’s 50-day moving average is GBX 202.7 and its 200-day moving average is GBX 188.3. The company’s market cap is £12.702 billion.
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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