Legal & General Group (LON:LGEN) had its price target hoisted by equities research analysts at HSBC from GBX 290 ($3.90) to GBX 295 ($3.97) in a research report issued on Thursday, November 23rd. The brokerage presently has a “buy” rating on the financial services provider’s stock. HSBC’s target price indicates a potential upside of 12.21% from the company’s previous close.
Other analysts have also issued research reports about the stock. Deutsche Bank upped their target price on shares of Legal & General Group from GBX 255 ($3.43) to GBX 270 ($3.63) and gave the stock a “hold” rating in a report on Wednesday, July 26th. Goldman Sachs Group decreased their price target on shares of Legal & General Group from GBX 255 ($3.43) to GBX 250 ($3.36) and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Societe Generale reissued a “hold” rating and issued a GBX 250 ($3.36) price target on shares of Legal & General Group in a report on Thursday, August 10th. Barclays reissued an “overweight” rating on shares of Legal & General Group in a report on Thursday, August 10th. Finally, reissued a “buy” rating and issued a GBX 290 ($3.90) price target on shares of Legal & General Group in a report on Wednesday, August 23rd. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Legal & General Group presently has a consensus rating of “Hold” and an average price target of GBX 259.39 ($3.49).
Shares of Legal & General Group (LGEN) opened at GBX 262.90 ($3.54) on Thursday. Legal & General Group has a 12-month low of GBX 231.60 ($3.12) and a 12-month high of GBX 279.90 ($3.77).
In other Legal & General Group news, insider John Kingman purchased 237 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was bought at an average cost of GBX 258 ($3.47) per share, for a total transaction of £611.46 ($822.96). Also, insider Toby Strauss acquired 950 shares of Legal & General Group stock in a transaction on Friday, December 1st. The shares were purchased at an average price of GBX 264 ($3.55) per share, with a total value of £2,508 ($3,375.50). Over the last quarter, insiders purchased 2,426 shares of company stock valued at $640,205.
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About Legal & General Group
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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