Citigroup Inc. Reiterates “Buy” Rating for Legal & General Group Plc (LGEN)
Legal & General Group Plc (LON:LGEN)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a research note issued on Thursday.
LGEN has been the subject of a number of other reports. Macquarie raised their target price on Legal & General Group Plc from GBX 201 ($2.64) to GBX 218 ($2.87) and gave the company an “underperform” rating in a research note on Thursday, August 10th. Jefferies Group LLC raised their target price on Legal & General Group Plc from GBX 249 ($3.28) to GBX 253 ($3.33) and gave the company a “hold” rating in a research note on Monday, September 11th. Shore Capital restated a “buy” rating on shares of Legal & General Group Plc in a research note on Tuesday. Goldman Sachs Group, Inc. (The) lowered their target price on Legal & General Group Plc from GBX 255 ($3.35) to GBX 250 ($3.29) and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Finally, Societe Generale restated a “hold” rating and issued a GBX 250 ($3.29) target price on shares of Legal & General Group Plc in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 257.88 ($3.39).
Shares of Legal & General Group Plc (LON LGEN) opened at GBX 267.60 ($3.52) on Thursday. Legal & General Group Plc has a 12 month low of GBX 228.30 ($3.00) and a 12 month high of GBX 279.90 ($3.68).
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In related news, insider John Kingman bought 610 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of GBX 269 ($3.54) per share, for a total transaction of £1,640.90 ($2,158.23). Insiders have bought a total of 2,109 shares of company stock valued at $553,985 over the last 90 days.
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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