The Morgan Stanley Trims Legal & General Group Plc (LGEN) Target Price to GBX 250

The Morgan Stanley Trims Legal & General Group Plc (LGEN) Target Price to GBX 250

Several other equities research analysts have also commented on LGEN. JPMorgan Chase & Co. restated an underweight rating on shares of Legal & General Group Plc in a research note on Monday, May 22nd. Barclays PLC upped their price target on Legal & General Group Plc from GBX 276 ($3.55) to GBX 282 ($3.62) and gave the stock an overweight rating in a research note on Monday, February 6th. Goldman Sachs Group Inc upped their price target on Legal & General Group Plc from GBX 220 ($2.83) to GBX 240 ($3.08) and gave the stock a neutral rating in a research note on Monday, May 15th. Deutsche Bank AG reiterated a hold rating and issued a GBX 255 ($3.28) target price on shares of Legal & General Group Plc in a research note on Tuesday, May 16th. Finally, Shore Capital reiterated a buy rating on shares of Legal & General Group Plc in a research note on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 256.79 ($3.30).

Legal & General Group Plc (LON:LGEN) had its price target reduced by Morgan Stanley from GBX 260 ($3.34) to GBX 250 ($3.21) in a research report released on Tuesday, May 23rd. They currently have an equal weight rating on the financial services provider’s stock.

Shares of Legal & General Group Plc (LON LGEN) opened at 253.90 on Tuesday. Legal & General Group Plc has a 52 week low of GBX 160.50 and a 52 week high of GBX 262.06. The stock’s market capitalization is GBX 15.06 billion. The stock’s 50 day moving average is GBX 252.77 and its 200-day moving average is GBX 246.20. The firm also recently announced a dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, April 27th will be given a GBX 10.35 ($0.13) dividend. This is a boost from Legal & General Group Plc’s previous dividend of $4.00. This represents a yield of 4.16%. The ex-dividend date is Thursday, April 27th.

In other Legal & General Group Plc news, insider John Kingman bought 646 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were purchased at an average cost of GBX 254 ($3.26) per share, for a total transaction of £1,640.84 ($2,107.69). Also, insider Nigel Wilson sold 90,536 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of GBX 246 ($3.16), for a total value of £222,718.56 ($286,086.78). Over the last 90 days, insiders purchased 21,571 shares of company stock worth $5,424,706 and sold 226,022 shares worth $56,286,698. 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:LGEN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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