Legal & General Group Plc Downgraded by Societe Generale to Sell (LGEN)
Legal & General Group Plc (LON:LGEN) was downgraded by Societe Generale to a “sell” rating in a research note issued on Thursday. They currently have a GBX 185 ($3.14) price target on the stock, down from their previous price target of GBX 220 ($3.73). Societe Generale’s price objective points to a potential downside of 18.14% from the company’s current price.
Shares of Legal & General Group Plc (LON:LGEN) traded up 0.53% on Thursday, hitting GBX 226.00. 14,288,139 shares of the company’s stock traded hands. Legal & General Group Plc has a 52 week low of GBX 161.486 and a 52 week high of GBX 244.90. The stock’s 50-day moving average is GBX 225.7 and its 200-day moving average is GBX 221.. The company’s market cap is £13.298 billion.
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 Plc in a research note on Wednesday. They now have a GBX 177 ($3.00) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Legal & General Group Plc in a research note on Friday, June 6th. They now have a GBX 252 ($4.28) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Legal & General Group Plc in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Legal & General Group Plc currently has an average rating of “Hold” and an average target price of GBX 223.50 ($3.79).
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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