Legal & General Group Plc Receives Average Rating of “Hold” from Analysts (LON:LGEN)
Shares of Legal & General Group Plc (LON:LGEN) have been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Five research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 228.77 ($3.79).
Several analysts have recently commented on the stock. 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 ($3.06) 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, August 18th. They now have a GBX 265 ($4.39) 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 ($4.43) price target on the stock.
Shares of Legal & General Group Plc (LON:LGEN) opened at 241.20 on Friday. Legal & General Group Plc has a 52-week low of GBX 185.50 and a 52-week high of GBX 244.90. The stock has a 50-day moving average of GBX 234.5 and a 200-day moving average of GBX 226.6. The company’s market cap is £14.192 billion.
The company also recently declared a dividend, which is scheduled for Wednesday, October 1st. Shareholders 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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