Jefferies Group LLC Boosts Legal & General Group Plc (LGEN) Price Target to GBX 253
Legal & General Group Plc (LON:LGEN) had its price target raised by Jefferies Group LLC from GBX 249 ($3.22) to GBX 253 ($3.27) in a research report released on Monday, Marketbeat.com reports. They currently have a hold rating on the financial services provider’s stock.
Several other brokerages also recently weighed in on LGEN. Goldman Sachs Group, Inc. (The) raised their target price on shares of Legal & General Group Plc from GBX 240 ($3.10) to GBX 255 ($3.29) and gave the company a neutral rating in a research note on Tuesday, July 4th. HSBC Holdings plc restated a buy rating and issued a GBX 290 ($3.75) target price on shares of Legal & General Group Plc in a research note on Wednesday, August 23rd. J P Morgan Chase & Co restated an underweight rating on shares of Legal & General Group Plc in a research note on Monday, May 22nd. Shore Capital restated a buy rating on shares of Legal & General Group Plc in a research note on Friday, May 19th. Finally, Canaccord Genuity raised their target price on shares of Legal & General Group Plc from GBX 235 ($3.03) to GBX 245 ($3.16) and gave the company a hold rating in a research note on Tuesday, May 23rd. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 256.65 ($3.31).
Legal & General Group Plc (LON LGEN) opened at 255.00 on Monday. The stock’s market capitalization is GBX 15.13 billion. Legal & General Group Plc has a one year low of GBX 204.08 and a one year high of GBX 279.90. The company has a 50-day moving average of GBX 264.79 and a 200-day moving average of GBX 256.67.
The firm also recently announced a dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 17th will be issued a dividend of GBX 4.30 ($0.06) per share. The ex-dividend date is Thursday, August 17th. This represents a dividend yield of 1.58%.
In other news, insider Toby Strauss purchased 979 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were bought 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 purchased 633 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased 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 three months, insiders have purchased 2,546 shares of company stock valued at $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).
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