Legal & General (LGEN) Given Buy Rating at Citigroup

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).

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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.

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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.

Analyst Recommendations for Legal & General (LON:LGEN)

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