Royal Bank Of Canada Cuts Legal & General Group to 'Underperform'
Financial services provider Legal & General Group (LON:LGEN) has had its 'underperform' rating reaffirmed by Royal Bank Of Canada in a recent research report. The analysts currently have a GBX 255 price target on the company's stock, suggesting a potential downside of 13.85% from its current price.
This is not the first time LGEN has received an underperform rating; Jefferies Financial Group also lowered shares to this rating in May with a price objective of GBX 185. On the other hand, Citigroup boosted their target price on Legal & General Group from GBX 249 to GBX 251 and gave the stock a 'neutral' rating in June.
The company's market capitalization is £16.20 billion, with a price-to-earnings ratio of 30.39 and a beta of 0.79. Insider activity in May saw Laura Wade-Gery acquire 988 shares at an average price of GBX 253 per share.