Legg Mason Price Target Raised to $48.00 at RBC Capital (LM)
Equities researchers at RBC Capital raised their price objective on shares of Legg Mason (NYSE:LM) from $38.00 to $48.00 in a research report issued on Wednesday, StockRatingsNetwork.com reports. RBC Capital’s target price would suggest a potential upside of 8.60% from the company’s current price.
A number of other firms have also recently commented on LM. Analysts at Evercore Partners raised their price target on shares of Legg Mason from $37.00 to $41.00 in a research note to investors on Tuesday, January 14th. Separately, analysts at Susquehanna upgraded shares of Legg Mason from a “negative” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They now have a $38.00 price target on the stock, up previously from $25.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Legg Mason from $42.00 to $48.00 in a research note to investors on Friday, January 10th. They now have a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Legg Mason currently has a consensus rating of “Hold” and an average target price of $38.57.
Shares of Legg Mason (NYSE:LM) traded up 1.20% on Wednesday, hitting $44.73. 391,757 shares of the company’s stock traded hands. Legg Mason has a 52-week low of $26.36 and a 52-week high of $44.56. The stock’s 50-day moving average is $42.61 and its 200-day moving average is $37.01. The company’s market cap is $5.396 billion.
Legg Mason, Inc (NYSE:LM) is a global asset management company.
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