Barclays PLC Lowers Legal & General Group Plc (LGEN) Price Target to GBX 279

Legal & General Group Plc (LON:LGEN) had its target price reduced by equities researchers at Barclays PLC from GBX 280 ($3.62) to GBX 279 ($3.60) in a report released on Monday. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays PLC’s price target points to a potential upside of 8.06% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 197 ($2.54) target price on shares of Legal & General Group Plc in a research note on Wednesday, June 14th. Deutsche Bank AG lifted their target price on shares of Legal & General Group Plc from GBX 255 ($3.29) to GBX 270 ($3.49) and gave the company a “hold” rating in a research note on Wednesday, July 26th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 240 ($3.10) price objective on shares of Legal & General Group Plc in a research report on Thursday, June 8th. Macquarie restated an “underperform” rating and issued a GBX 201 ($2.60) price objective on shares of Legal & General Group Plc in a research report on Wednesday, May 24th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 275 ($3.55) price objective on shares of Legal & General Group Plc in a research report on Thursday, June 15th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Legal & General Group Plc currently has a consensus rating of “Hold” and an average target price of GBX 256.65 ($3.31).

Legal & General Group Plc (LGEN) opened at 257.60 on Monday. The company has a 50-day moving average price of GBX 264.98 and a 200-day moving average price of GBX 256.68. The company’s market capitalization is GBX 15.28 billion. Legal & General Group Plc has a one year low of GBX 204.08 and a one year high of GBX 279.90.

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In other Legal & General Group Plc news, insider Toby Strauss bought 979 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were purchased at an average price of GBX 257 ($3.32) per share, for a total transaction of £2,516.03 ($3,249.43). Also, insider John Kingman bought 633 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were acquired at an average price of GBX 260 ($3.36) per share, for a total transaction of £1,645.80 ($2,125.53). In the last quarter, insiders purchased 2,546 shares of company stock worth $667,429.

About Legal & General Group Plc

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).

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

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