Legal & General Group Plc Receives “Overweight” Rating from HSBC (LGEN)
Legal & General Group Plc (LON:LGEN)‘s stock had its “overweight” rating reiterated by HSBC in a research note issued on Friday. They currently have a GBX 272 ($4.58) price objective on the stock. HSBC’s price objective points to a potential upside of 18.27% from the stock’s previous close.
Shares of Legal & General Group Plc (LON:LGEN) opened at 230.10 on Friday. Legal & General Group Plc has a 52 week low of GBX 161.486 and a 52 week high of GBX 244.90. The stock has a 50-day moving average of GBX 217.4 and a 200-day moving average of GBX 220.0. The company’s market cap is £13.539 billion.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank raised their price target on shares of Legal & General Group Plc from GBX 250 ($4.21) to GBX 265 ($4.46) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Legal & General Group Plc in a research note on Wednesday. They now have a GBX 239 ($4.02) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Legal & General Group Plc in a research note on Wednesday, May 21st. They now have a GBX 240 ($4.04) price target on the stock. Four 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’s stock. Legal & General Group Plc has an average rating of “Hold” and an average target price of GBX 221.48 ($3.73).
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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