RBC Capital analyst Mandeep Jagpal downgraded Legal & General to Sector Perform from Outperform with a price target of 245 GBp, down from 295 GBp. The firm says that given the lack of upcoming catalysts, and a valuation that is in line with the UK life peer group, it has less conviction on the shares from here.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LGGNY:
- Legal & General downgraded to Hold from Buy at HSBC
- Legal & General price target lowered to 285 GBp from 330 GBp at JPMorgan
- Legal & General price target raised to 245 GBp from 238 GBp at Morgan Stanley
- Legal & General price target lowered to 275 GBp from 300 GBp at Deutsche Bank
- Legal & General price target lowered to 265 GBp from 289 GBp at Berenberg
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue