Rating Worth Mentioning: Berenberg Bank Reiterates a Buy Rating on Legal & General Group (LON:LGEN) and GBX 301.00 Target

November 25, 2016 - By Vivian Park

Legal & General Group (LON:LGEN) Rating

London: In a report issued to clients and investors on Friday, 25 November, Berenberg Bank reiterated their Buy rating on shares of Legal & General Group (LON:LGEN). They currently have a GBX 301.00 PT on the company. Berenberg Bank’s target would indicate a potential upside of 26.68% from the company’s last price.

Legal & General Group Plc (LON:LGEN) Ratings Coverage

Out of 22 analysts covering Legal General Group PLC (LON:LGEN), 9 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 41% are positive. GBX 325 is the highest target while GBX 180 is the lowest. The GBX 244.50 average target is 2.90% above today’s (GBX 237.6) stock price. Legal General Group PLC has been the topic of 142 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Friday, September 2. The stock of Legal & General Group Plc (LON:LGEN) has “Outperform” rating given on Wednesday, September 2 by Bernstein. The stock of Legal & General Group Plc (LON:LGEN) has “Neutral” rating given on Thursday, September 24 by Goldman Sachs. The stock has “Buy” rating given by Deutsche Bank on Thursday, September 10. The firm has “Underperform” rating given on Tuesday, March 15 by Wood. The firm has “Overweight” rating by Barclays Capital given on Thursday, December 17. Canaccord Genuity maintained Legal & General Group Plc (LON:LGEN) on Thursday, August 20 with “Hold” rating. Jefferies downgraded the shares of LGEN in a report on Tuesday, July 5 to “Hold” rating. The rating was maintained by Deutsche Bank on Monday, October 5 with “Buy”. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, September 9.

About 4.14 million shares traded hands. Legal & General Group Plc (LON:LGEN) has declined 0.38% since April 27, 2016 and is downtrending. It has underperformed by 5.79% the S&P500.

Legal & General Group plc is engaged in life assurance and long-term savings business, investment management, and various general insurance and health business. The company has a market cap of 14.15 billion GBP.

More news for Legal & General Group Plc (LON:LGEN) were recently published by: Prnewswire.com, which released: “Legal & General Group Plc to present at the dbVIC – Deutsche Bank ADR Virtual …” on November 11, 2016. Marketwatch.com‘s article titled: “Legal & General sells Netherlands arm for €160 mln” and published on November 24, 2016 is yet another important article.

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