Legal & General Group Plc’s “Buy” Rating Reiterated at Berenberg Bank (LGEN)
Legal & General Group Plc (LON:LGEN)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a report released on Wednesday. They currently have a GBX 265 ($4.40) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 9.64% from the stock’s previous close.
A number of other firms have also recently commented on LGEN. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Legal & General Group Plc in a research note on Friday, August 22nd. They now have a GBX 185 ($3.07) 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 ($4.40) 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 ($4.45) price target on the stock. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Legal & General Group Plc has a consensus rating of “Hold” and an average price target of GBX 228.77 ($3.80).
Shares of Legal & General Group Plc (LON:LGEN) traded up 0.66% during mid-day trading on Wednesday, hitting GBX 243.30. 8,410,176 shares of the company’s stock traded hands. 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 236.8 and a 200-day moving average of GBX 227.2. The company’s market cap is £14.316 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.
Receive News & Ratings for Legal & General Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General Group Plc and related companies with Analyst Ratings Network's FREE daily email newsletter.