Royal Bank Of Canada Lifts LGEN Price Target to £270

Financial services provider Legal & General Group (LON:LGEN) has received an updated price target from Royal Bank Of Canada. The new target of GBX 270 represents a potential downside of 9.21% from the stock's previous close.

This is not the only update for LGEN, as Berenberg Bank recently boosted their target price on shares to GBX 385 and gave the company a 'buy' rating in August. Jefferies Financial Group reconfirmed its 'underperform' rating and issued a GBX 185 price target in August.

The average price target among analysts is now GBX 277.57, with a consensus rating of 'Reduce'. LGEN has a market cap of £16.24 billion and a price-to-earnings ratio of 30.53.