Legal & General Group Plc (LGEN) Receives Consensus Recommendation of “Hold” from Brokerages
Legal & General Group Plc (LON:LGEN) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 263.60 ($3.55).
Several equities research analysts recently issued reports on the company. Numis Securities upgraded Legal & General Group to an “add” rating and set a GBX 305 ($4.10) price objective on the stock in a report on Friday, November 3rd. Deutsche Bank reiterated a “hold” rating on shares of Legal & General Group in a report on Wednesday, November 8th. Citigroup reiterated a “buy” rating on shares of Legal & General Group in a report on Thursday, November 16th. J P Morgan Chase & Co reiterated an “underweight” rating on shares of Legal & General Group in a report on Thursday, November 16th. Finally, HSBC boosted their price objective on Legal & General Group from GBX 290 ($3.90) to GBX 295 ($3.97) and gave the company a “buy” rating in a report on Thursday, November 23rd.
Legal & General Group (LGEN) traded up GBX 4.60 ($0.06) during mid-day trading on Monday, hitting GBX 264.70 ($3.56). The company had a trading volume of 12,438,650 shares, compared to its average volume of 13,790,000. Legal & General Group has a 52-week low of GBX 231.60 ($3.12) and a 52-week high of GBX 279.90 ($3.77).
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Legal & General Group Company Profile
Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).
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