Legal & General Group Receives “Outperform” Rating from Sanford C. Bernstein (LGEN)
Legal & General Group (LON:LGEN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Thursday, American Banking News reports. They currently have a GBX 240 ($3.94) price target on the stock. Sanford C. Bernstein’s target price indicates a potential upside of 9.39% from the company’s current price.
A number of other firms have also recently commented on LGEN. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Legal & General Group in a research note to investors on Wednesday. They now have a GBX 128 ($2.10) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Legal & General Group in a research note to investors on Tuesday. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Legal & General Group in a research note to investors on Monday. They now have a GBX 220 ($3.62) price target on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. Legal & General Group has a consensus rating of “Hold” and a consensus target price of GBX 211.43 ($3.47).
Shares of Legal & General Group (LON:LGEN) traded up 1.67% during mid-day trading on Thursday, hitting GBX 219.40. 10,137,783 shares of the company’s stock traded hands. Legal & General Group has a 52 week low of GBX 145.80 and a 52 week high of GBX 232.50. The stock has a 50-day moving average of GBX 222.1 and a 200-day moving average of GBX 207.1. The company’s market cap is £12.890 billion.
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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