J P Morgan Chase & Co Reiterates Underweight Rating for Legal & General Group Plc (LGEN)

Legal & General Group Plc (LON:LGEN)‘s stock had its “underweight” rating reiterated by analysts at J P Morgan Chase & Co in a research report issued on Thursday.

Several other research firms have also issued reports on LGEN. Deutsche Bank AG increased their price target on shares of Legal & General Group Plc from GBX 255 ($3.35) to GBX 270 ($3.55) and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Shore Capital reissued a “buy” rating on shares of Legal & General Group Plc in a research report on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating on shares of Legal & General Group Plc in a research report on Thursday, August 10th. Societe Generale reissued a “hold” rating and issued a GBX 250 ($3.29) price target on shares of Legal & General Group Plc in a research report on Thursday, August 10th. Finally, Macquarie increased their price target on shares of Legal & General Group Plc from GBX 201 ($2.64) to GBX 218 ($2.87) and gave the stock an “underperform” rating in a research report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 257.88 ($3.39).

Shares of Legal & General Group Plc (LON LGEN) traded up GBX 1.10 ($0.01) on Thursday, hitting GBX 268.90 ($3.54). 12,357,274 shares of the stock were exchanged, compared to its average volume of 12,050,000. Legal & General Group Plc has a 1-year low of GBX 228.30 ($3.00) and a 1-year high of GBX 279.90 ($3.68).

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In other news, insider John Kingman bought 237 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were bought at an average cost of GBX 258 ($3.39) per share, for a total transaction of £611.46 ($804.24). Over the last ninety days, insiders acquired 2,109 shares of company stock worth $553,985.

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).

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

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