Legal & General Group Plc Given Consensus Rating of “Hold” by Analysts (LON:LGEN)
Legal & General Group Plc (LON:LGEN) has been given an average recommendation of “Hold” by the twenty-three analysts that are presently covering the company, AmericanBankingNews.com reports. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 228.77 ($3.82).
A number of analysts have recently weighed in on LGEN shares. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Legal & General Group Plc in a research note on Friday. They now have a GBX 185 ($3.09) 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 Monday. They now have a GBX 265 ($4.43) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Legal & General Group Plc in a research note on Friday, August 15th. They now have a GBX 268 ($4.48) price target on the stock.
Shares of Legal & General Group Plc (LON:LGEN) opened at 241.50 on Friday. Legal & General Group Plc has a 1-year low of GBX 185.50 and a 1-year high of GBX 244.90. The stock has a 50-day moving average of GBX 233.6 and a 200-day moving average of GBX 226.1. The company’s market cap is £14.210 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 2.90 ($0.05) per share. This represents a dividend yield of 1.25%. The ex-dividend date 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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