Legal & General Group Plc (LGEN) Receives “Outperform” Rating from Royal Bank Of Canada
Legal & General Group Plc (LON:LGEN)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Tuesday. They currently have a GBX 300 ($3.92) price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 35.50% from the company’s previous close.
A number of other brokerages also recently weighed in on LGEN. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Legal & General Group Plc in a report on Wednesday, August 10th. HSBC reduced their price objective on shares of Legal & General Group Plc from GBX 300 ($3.92) to GBX 245 ($3.20) and set a “buy” rating for the company in a research note on Wednesday, June 29th. Morgan Stanley reduced their price objective on shares of Legal & General Group Plc from GBX 260 ($3.39) to GBX 247 ($3.22) and set an “equal weight” rating for the company in a research note on Friday, August 12th. Shore Capital reaffirmed a “buy” rating on shares of Legal & General Group Plc in a research note on Tuesday, August 9th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 240 ($3.13) price objective on shares of Legal & General Group Plc in a research note on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 244.56 ($3.19).
Legal & General Group Plc (LON:LGEN) traded down 0.09% during midday trading on Tuesday, reaching GBX 221.40. 30,634,958 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 214.16 and its 200 day moving average price is GBX 216.81. Legal & General Group Plc has a 52 week low of GBX 160.50 and a 52 week high of GBX 275.40. The stock’s market capitalization is GBX 13.12 billion.
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The company also recently announced a dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, August 18th were given a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 1.94%.
In other news, insider Meddings,Richard H bought 1,205 shares of Legal & General Group Plc stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average cost of GBX 208 ($2.72) per share, with a total value of £2,506.40 ($3,271.64). Also, insider Wilson,Julia bought 7,320 shares of Legal & General Group Plc stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of GBX 206 ($2.69) per share, with a total value of £15,079.20 ($19,683.07).
Legal & General Group Plc Company Profile
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