Legal & General Group (LGEN) Rating Increased to Neutral at JPMorgan Chase & Co.
Legal & General Group (LON:LGEN) was upgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Monday. The brokerage currently has a GBX 285 ($3.72) target price on the financial services provider’s stock, up from their prior target price of GBX 239 ($3.12). JPMorgan Chase & Co.‘s price target would suggest a potential upside of 0.14% from the stock’s current price.
A number of other equities research analysts have also issued reports on LGEN. Deutsche Bank upped their target price on shares of Legal & General Group from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Legal & General Group in a report on Monday, March 11th. UBS Group reaffirmed a “sell” rating on shares of Legal & General Group in a report on Thursday, March 7th. Shore Capital reaffirmed an “under review” rating on shares of Legal & General Group in a report on Wednesday, March 6th. Finally, Barclays boosted their price target on shares of Legal & General Group from GBX 323 ($4.22) to GBX 339 ($4.43) and gave the company an “overweight” rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 296.45 ($3.87).
Legal & General Group stock opened at GBX 284.60 ($3.72) on Monday. Legal & General Group has a 52-week low of GBX 221.80 ($2.90) and a 52-week high of GBX 288.40 ($3.77). The firm has a market cap of $16.74 billion and a PE ratio of 9.30. The company has a quick ratio of 0.78, a current ratio of 1.81 and a debt-to-equity ratio of 57.19.
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.
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