Legal & General (LON:LGEN)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup in a research note issued to investors on Wednesday. They currently have a GBX 306 ($4.27) target price on the financial services provider’s stock. Citigroup’s target price would indicate a potential upside of 10.43% from the stock’s current price.
A number of other analysts have also recently weighed in on LGEN. Deutsche Bank upped their price target on shares of Legal & General from GBX 270 ($3.77) to GBX 305 ($4.25) and gave the stock a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General in a research report on Wednesday, January 17th. Barclays decreased their price target on shares of Legal & General from GBX 294 ($4.10) to GBX 290 ($4.04) and set an “overweight” rating for the company in a research report on Thursday, February 1st. Goldman Sachs reissued a “sell” rating and issued a GBX 210 ($2.93) price objective on shares of Legal & General in a research report on Tuesday, February 20th. Finally, Numis Securities raised shares of Legal & General to an “add” rating and upped their price objective for the company from GBX 125 ($1.74) to GBX 305 ($4.25) in a research report on Thursday, March 8th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Legal & General currently has a consensus rating of “Hold” and a consensus target price of GBX 270.53 ($3.77).
Shares of Legal & General stock opened at GBX 277.10 ($3.86) on Wednesday. Legal & General has a twelve month low of GBX 241.65 ($3.37) and a twelve month high of GBX 279.90 ($3.90).
In other news, insider Nigel Wilson sold 228,989 shares of the company’s stock in a transaction dated Saturday, April 14th. The shares were sold at an average price of GBX 271 ($3.78), for a total value of £620,560.19 ($865,495.38). Also, insider Toby Strauss bought 927 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of GBX 271 ($3.78) per share, for a total transaction of £2,512.17 ($3,503.72). In the last 90 days, insiders bought 2,228 shares of company stock worth $588,035.
COPYRIGHT VIOLATION NOTICE: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/25/legal-general-lgen-given-buy-rating-at-citigroup.html.
Legal & General Company Profile
Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and General Insurance (GI) segments. The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages.
Receive News & Ratings for Legal & General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General and related companies with MarketBeat.com's FREE daily email newsletter.