Last checked at 27 Jul 2022 09:43
LONDON BROKER RATINGS: Upgrades for Admiral and Legal & General
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
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Legal & General Share News (LGEN)
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Share Price Information for Legal & General (LGEN)
Share Price is delayed by 15 minutes
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Share Price:
248.80
Bid:
248.40
Ask:
248.60
Change:
-4.00 (-1.58%)
Spread:
0.20 (0.081%)
Open:
251.60
High:
251.60
Low:
247.90
Prev. Close:
252.80
Last checked at -
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Don't have an account? Click here to register.Broker snap: UBS slashes target for Legal & General
Wed, 21st Sep 2011 08:23
Following a sector de-rating, Swiss investment bank UBS has cut its target price for FTSE 100 insurance group Legal & General from 114p to 95p."The sector has de-rated by some 9% in the market turmoil since June. Our 2012E shareholders' equity forecast reduced by 5% at interims. We are therefore reducing our price target," said analyst James Pearce.Pearce said that while Legal & General's management seem set to ensure capital strength is not hindered by regulators/markets, the company "risks eroding returns further by hoarding capital in a market where trading conditions are likely to deteriorate, particularly in the key annuity product."A neutral rating is maintained.BC
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27 Jul 2022 08:55
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