Legal & General Group Plc (LGEN) Rating Reiterated by BNP Paribas
Legal & General Group Plc (LON:LGEN)‘s stock had its “outperform” rating reaffirmed by investment analysts at BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 270 ($3.33) price target on the financial services provider’s stock. BNP Paribas’ target price indicates a potential upside of 7.70% from the stock’s current price.
LGEN has been the topic of several other reports. Barclays PLC lifted their target price on Legal & General Group Plc from GBX 276 ($3.41) to GBX 282 ($3.48) and gave the stock an “overweight” rating in a report on Monday, February 6th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 275 ($3.40) target price on shares of Legal & General Group Plc in a report on Thursday, February 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 212 ($2.62) target price on shares of Legal & General Group Plc in a report on Monday, November 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 300 ($3.71) target price on shares of Legal & General Group Plc in a report on Wednesday, December 7th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 197 ($2.43) target price on shares of Legal & General Group Plc in a report on Wednesday, February 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Legal & General Group Plc has an average rating of “Hold” and a consensus target price of GBX 248.43 ($3.07).
Shares of Legal & General Group Plc (LON:LGEN) traded up 0.32% on Monday, reaching GBX 250.70. The company had a trading volume of 8,232,133 shares. The stock has a 50-day moving average price of GBX 245.46 and a 200-day moving average price of GBX 233.00. Legal & General Group Plc has a 12 month low of GBX 160.50 and a 12 month high of GBX 257.10. The stock’s market cap is GBX 14.87 billion.
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The company also recently announced a dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, April 27th will be given a GBX 10.35 ($0.13) dividend. This represents a yield of 4.16%. This is a positive change from Legal & General Group Plc’s previous dividend of $4.00. The ex-dividend date is Thursday, April 27th.
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In related news, insider Richard H. Meddings acquired 1,103 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was purchased at an average cost of GBX 249 ($3.08) per share, with a total value of £2,746.47 ($3,391.96). Also, insider Philip A. J. Broadley acquired 7,735 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were bought at an average cost of GBX 254 ($3.14) per share, with a total value of £19,646.90 ($24,264.42). Insiders purchased a total of 11,777 shares of company stock valued at $2,951,238 over the last ninety days.
About Legal & General Group Plc
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