JPMorgan Chase & Co. Cuts Legal & General Group (LGEN) Price Target to GBX 239

Legal & General Group (LON:LGEN) had its price target reduced by JPMorgan Chase & Co. from GBX 258 ($3.37) to GBX 239 ($3.12) in a research note released on Tuesday. They currently have an underweight rating on the financial services provider’s stock.

LGEN has been the subject of a number of other research reports. Deutsche Bank raised Legal & General Group to a buy rating and set a GBX 290 ($3.79) price target for the company in a research report on Monday. UBS Group reaffirmed a sell rating and set a GBX 225 ($2.94) price target on shares of Legal & General Group in a research report on Wednesday, October 24th. Royal Bank of Canada reaffirmed a top pick rating on shares of Legal & General Group in a research report on Monday, October 15th. Shore Capital reaffirmed an under review rating on shares of Legal & General Group in a research report on Monday, October 8th. Finally, Barclays lifted their price target on Legal & General Group from GBX 317 ($4.14) to GBX 332 ($4.34) and gave the stock an overweight rating in a research report on Thursday, December 13th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 283.17 ($3.70).

Shares of LGEN opened at GBX 243.80 ($3.19) on Tuesday. Legal & General Group has a one year low of GBX 241.65 ($3.16) and a one year high of GBX 279.90 ($3.66).

In other Legal & General Group news, insider George Lewis purchased 21,998 shares of Legal & General Group stock in a transaction that occurred on Friday, December 21st. The stock was bought at an average price of GBX 226 ($2.95) per share, with a total value of £49,715.48 ($64,962.08). Also, insider John Kingman purchased 1,399 shares of Legal & General Group stock in a transaction that occurred on Monday, December 3rd. The stock was acquired at an average cost of GBX 250 ($3.27) per share, with a total value of £3,497.50 ($4,570.10). In the last three months, insiders bought 25,210 shares of company stock valued at $5,760,268.

Legal & General Group 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.

Recommended Story: How prevalent are 12b-1 fees?

Analyst Recommendations for Legal & General Group (LON:LGEN)

Receive News & Ratings for Legal & General Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply