Barclays Increases Legal & General Group (LGEN) Price Target to GBX 317

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Legal & General Group (LON:LGEN) had its price target upped by equities research analysts at Barclays from GBX 311 ($4.01) to GBX 317 ($4.09) in a research report issued to clients and investors on Friday. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays’ price objective suggests a potential upside of 25.00% from the stock’s current price.

LGEN has been the topic of a number of other reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 334 ($4.31) target price on shares of Legal & General Group in a research report on Tuesday, August 14th. Deutsche Bank reiterated a “hold” rating and set a GBX 305 ($3.93) price target on shares of Legal & General Group in a report on Friday, May 25th. Citigroup reiterated a “buy” rating and set a GBX 308 ($3.97) price target on shares of Legal & General Group in a report on Thursday, June 21st. Credit Suisse Group reiterated an “underperform” rating and set a GBX 240 ($3.10) price target (down previously from GBX 254 ($3.28)) on shares of Legal & General Group in a report on Friday, August 17th. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of Legal & General Group in a report on Monday, May 28th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 283.46 ($3.66).

Shares of LON:LGEN opened at GBX 253.60 ($3.27) on Friday. Legal & General Group has a twelve month low of GBX 241.65 ($3.12) and a twelve month high of GBX 279.90 ($3.61).

In related news, insider Carolyn Bradley purchased 651 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The stock was acquired at an average price of GBX 263 ($3.39) per share, for a total transaction of £1,712.13 ($2,208.63). Also, insider John Kingman purchased 1,458 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were bought at an average price of GBX 262 ($3.38) per share, with a total value of £3,819.96 ($4,927.71). Insiders have purchased 2,778 shares of company stock valued at $725,142 in the last quarter.

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

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