Trading Report: Today, Legal & General Group Plc (LGEN) Given New GBX 301 Price Target at Berenberg Bank

Today, Legal & General Group Plc (LGEN) Given New GBX 301 Price Target at Berenberg Bank

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

LGEN has been the topic of a number of other reports. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 305 ($3.81) target price on shares of Legal & General Group Plc in a report on Friday, August 5th. Shore Capital reaffirmed a “buy” rating on shares of Legal & General Group Plc in a report on Tuesday, August 9th. Morgan Stanley decreased their target price on Legal & General Group Plc from GBX 260 ($3.25) to GBX 247 ($3.09) and set an “equal weight” rating on the stock in a report on Friday, August 12th. JPMorgan Chase & Co. decreased their target price on Legal & General Group Plc from GBX 202 ($2.52) to GBX 197 ($2.46) and set an “underweight” rating on the stock in a report on Monday, October 3rd. Finally, Deutsche Bank AG raised their target price on Legal & General Group Plc from GBX 215 ($2.69) to GBX 225 ($2.81) and gave the stock a “hold” rating in a report on Wednesday, August 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 243.65 ($3.04).

Legal & General Group Plc (LON:LGEN) opened at 236.90 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. Legal & General Group Plc has a 12-month low of GBX 160.50 and a 12-month high of GBX 275.40. The stock’s market capitalization is GBX 14.04 billion.

In other news, insider Rudy Markham purchased 1,424 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was purchased at an average price of GBX 217 ($2.71) per share, for a total transaction of £3,090.08 ($3,860.67). Also, insider Meddings,Richard H purchased 1,186 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average price of GBX 212 ($2.65) per share, with a total value of £2,514.32 ($3,141.33).

Related posts

Leave a Comment