Legal & General Group Plc Stock Rating Reaffirmed by Canaccord Genuity (LGEN)
Legal & General Group Plc (LON:LGEN)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Tuesday. They currently have a GBX 240 ($4.03) price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 1.27% from the company’s current price.
Shares of Legal & General Group Plc (LON:LGEN) opened at 235.90 on Tuesday. Legal & General Group Plc has a one year low of GBX 185.50 and a one year high of GBX 244.90. The stock’s 50-day moving average is GBX 230.9 and its 200-day moving average is GBX 225.0. The company’s market cap is £13.880 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, August 27th will be given a dividend of GBX 2.90 ($0.05) per share. This represents a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of other firms have also recently commented on LGEN. Analysts at Morgan Stanley raised their price target on shares of Legal & General Group Plc from GBX 221 ($3.71) to GBX 229 ($3.84) in a research note on Monday. They now have an “equal weight” rating on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Legal & General Group Plc in a research note on Thursday, August 7th. They now have a GBX 185 ($3.10) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Legal & General Group Plc in a research note on Wednesday, August 6th. They now have a GBX 239 ($4.01) price target on the stock. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 226.91 ($3.81).
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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