Today: Legal & General Group Plc (LGEN) Earns “Hold” Rating from Jefferies Group

Today: Legal & General Group Plc (LGEN) Earns “Hold” Rating from Jefferies Group

Legal & General Group Plc (LON:LGEN)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group in a report issued on Monday. They presently have a GBX 212 ($2.65) price objective on the financial services provider’s stock. Jefferies Group’s target price suggests a potential downside of 10.62% from the company’s previous close.

Several other analysts have also recently commented on LGEN. Beaufort Securities restated a “buy” rating on shares of Legal & General Group Plc in a research note on Wednesday, August 10th. Shore Capital restated a “buy” rating on shares of Legal & General Group Plc in a research note on Tuesday, August 9th. 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 note on Friday, August 5th. HSBC raised their target price on shares of Legal & General Group Plc from GBX 245 ($3.06) to GBX 270 ($3.37) and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Finally, Berenberg Bank raised their target price on shares of Legal & General Group Plc from GBX 276 ($3.45) to GBX 301 ($3.76) and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 243.65 ($3.04).

Shares of Legal & General Group Plc (LON:LGEN) opened at 237.60 on Monday. The stock’s market cap is GBX 14.08 billion. Legal & General Group Plc has a 52 week low of GBX 160.50 and a 52 week high of GBX 275.40. The company’s 50-day moving average is GBX 219.17 and its 200 day moving average is GBX 213.32.

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

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