Today: Today, Berenberg Bank Boosts Legal & General Group Plc (LGEN) Price Target to GBX 301

Today, Berenberg Bank Boosts Legal & General Group Plc (LGEN) Price Target to GBX 301

Legal & General Group Plc (LON:LGEN) had its target price hoisted by stock analysts at Berenberg Bank from GBX 276 ($3.45) to GBX 301 ($3.76) in a report issued on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price objective points to a potential upside of 27.11% from the stock’s current price.

A number of other brokerages have also issued reports on LGEN. Jefferies Group increased their price objective on Legal & General Group Plc from GBX 197 ($2.46) to GBX 212 ($2.65) and gave the stock a “hold” rating in a report on Thursday, September 22nd. BNP Paribas reissued a “neutral” rating and issued a GBX 230 ($2.87) price objective on shares of Legal & General Group Plc in a report on Thursday, September 22nd. JPMorgan Chase & Co. cut their target price on Legal & General Group Plc from GBX 202 ($2.52) to GBX 197 ($2.46) and set an “underweight” rating for the company in a research report on Monday, October 3rd. Panmure Gordon restated a “buy” rating and issued a GBX 305 ($3.81) target price on shares of Legal & General Group Plc in a research report on Tuesday, September 27th. Finally, Shore Capital restated a “buy” rating on shares of Legal & General Group Plc in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 243.65 ($3.04).

Shares of Legal & General Group Plc (LON:LGEN) opened at 237.00 on Friday. The stock has a 50 day moving average price of GBX 218.74 and a 200-day moving average price of GBX 213.15. The stock’s market cap is GBX 14.05 billion. Legal & General Group Plc has a 12 month low of GBX 160.50 and a 12 month high of GBX 275.40.

In other news, insider Rudy Markham purchased 1,424 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was bought at an average cost of GBX 217 ($2.71) per share, for a total transaction of £3,090.08 ($3,860.67). Also, insider Richard H. Meddings purchased 1,317 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were purchased at an average price of GBX 209 ($2.61) per share, with a total value of £2,752.53 ($3,438.94).

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