Legal & General Group Plc Earns “Outperform” Rating from Sanford C. Bernstein (LGEN)
Legal & General Group Plc (LON:LGEN)‘s stock had its “outperform” rating reiterated by Sanford C. Bernstein in a research note issued on Monday. They currently have a GBX 265 ($4.43) price target on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 11.20% from the company’s current price.
A number of other analysts have also recently weighed in on LGEN. Analysts at Barclays reiterated an “overweight” rating on shares of Legal & General Group Plc in a research note on Friday. They now have a GBX 268 ($4.48) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Legal & General Group Plc in a research note on Tuesday, August 12th. They now have a GBX 240 ($4.01) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Legal & General Group Plc from GBX 221 ($3.69) to GBX 229 ($3.83) in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 228.77 ($3.82).
Shares of Legal & General Group Plc (LON:LGEN) opened at 238.60 on Monday. Legal & General Group Plc has a one year low of GBX 185.50 and a one year high of GBX 244.90. The stock has a 50-day moving average of GBX 232.1 and a 200-day moving average of GBX 225.4. The company’s market cap is £14.039 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, October 1st. Stockholders 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.
Legal & General Group Plc is a provider of risk, savings and investment management products in the United Kingdom.
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