Legal & General Group (LGEN) PT Raised to GBX 305 at Deutsche Bank

Legal & General Group (LON:LGEN) had its price objective hoisted by Deutsche Bank from GBX 270 ($3.61) to GBX 305 ($4.08) in a report issued on Thursday. Deutsche Bank currently has a hold rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on LGEN. Barclays raised their price objective on shares of Legal & General Group from GBX 279 ($3.73) to GBX 294 ($3.93) and gave the stock an overweight rating in a research report on Monday, December 11th. Shore Capital restated a buy rating on shares of Legal & General Group in a research report on Tuesday, November 14th. Citigroup upgraded shares of Legal & General Group to a buy rating and set a GBX 296 ($3.96) price objective for the company in a research report on Thursday, November 2nd. Numis Securities upgraded shares of Legal & General Group to an add rating and set a GBX 305 ($4.08) price objective for the company in a research report on Friday, November 3rd. Finally, HSBC raised their price objective on shares of Legal & General Group from GBX 290 ($3.88) to GBX 295 ($3.94) and gave the stock a buy rating in a research report on Thursday, November 23rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 267.94 ($3.58).

Legal & General Group (LON:LGEN) opened at GBX 271.70 ($3.63) on Thursday. Legal & General Group has a 1-year low of GBX 231.60 ($3.10) and a 1-year high of GBX 279.90 ($3.74). The company has a market capitalization of $16,170.00 and a PE ratio of 1,045.00.

In other news, insider Toby Strauss acquired 950 shares of the stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of GBX 264 ($3.53) per share, for a total transaction of £2,508 ($3,353.39). Also, insider John Kingman acquired 610 shares of the stock in a transaction on Wednesday, November 1st. The shares were purchased at an average price of GBX 269 ($3.60) per share, with a total value of £1,640.90 ($2,194.01). Over the last 90 days, insiders have acquired 2,842 shares of company stock valued at $764,876.

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Legal & General Group Company Profile

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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