Legal & General Group Plc Stock Rating Reaffirmed by Nomura (LGEN)
Legal & General Group Plc (LON:LGEN)‘s stock had its “neutral” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Thursday. They currently have a GBX 225 ($3.83) target price on the stock. Nomura’s price objective would indicate a potential downside of 0.79% from the stock’s previous close.
Shares of Legal & General Group Plc (LON:LGEN) opened at 228.50 on Thursday. Legal & General Group Plc has a 52 week low of GBX 171.90 and a 52 week high of GBX 244.90. The stock’s 50-day moving average is GBX 227.8 and its 200-day moving average is GBX 223.2. The company’s market cap is £13.445 billion.
A number of other firms have also recently commented on LGEN. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Legal & General Group Plc in a research note on Thursday, June 26th. They now have a GBX 220 ($3.75) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Legal & General Group Plc in a research note on Wednesday, June 25th. They now have a GBX 240 ($4.09) price target on the stock. Finally, analysts at Societe Generale downgraded shares of Legal & General Group Plc to a “sell” rating in a research note on Thursday, June 19th. They now have a GBX 185 ($3.15) price target on the stock, down previously from GBX 220 ($3.75). Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. Legal & General Group Plc presently has an average rating of “Hold” and a consensus target price of GBX 223.57 ($3.81).
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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