The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 247.90
Bid: 247.90
Ask: 248.00
Change: 2.70 (1.10%)
Spread: 0.10 (0.04%)
Open: 244.30
High: 248.10
Low: 243.30
Prev. Close: 245.20
LGEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker tips: Lloyds, Legal & General, Sainsbury

Thu, 02nd May 2013 11:15

Investec has downgraded its recommendation for Lloyds Banking Group from 'hold' to 'sell' and left its target price at 50p following the bank's first-quarter results this week.Analyst Ian Gordon said that after an exceptionals-enhanced attributable profit of £1.5bn in the first three months of the year, Investec's forecasts for £0.2bn in the second quarter and just £0.1bn in both the third and the fourth "do appear deeply underwhelming!"Financial services group Legal & General is currently undervalued on all valuation metrics, according to Panmure Gordon which kept its 'buy' rating for the stock following a strong first-quarter result.While the stock is trading in line with the sector on 2013 forecasts, analyst Barrie Cornes said: "We believe that the shares are undervalued and that L&G is exceptionally well placed to capture profitable growth in the UK whilst continuing to grow exponentially overseas, particularly the low cost L&G Investment Management (LGIM) model."Another solid increase in profits is expected from Sainsbury when it reports its full-year report on May 8th, according to UBS which lifted its estimates for the supermarket giant on Thursday.The broker, which kept a 'buy' rating for the stock, lifted its full-year profit before tax estimate by 5.2% to £749m, ahead of the consensus forecast for £746m. "This represents a good outturn given industry demand conditions have remained depressed while key competitors have experienced profitability declines in the equivalent period," UBS said.BC
More News
18 Jul 2023 15:52

UK's L&G agrees 1.8 billion pound pensions buy-in with United Utilities

LONDON, July 18 (Reuters) - Legal & General said on Tuesday it had agreed a 1.8 billion pound pensions buy-in with FTSE 100 company United Utilities, part of a growing trend of businesses offloading pension scheme risk to insurers.

Read more
17 Jul 2023 19:30

Asset managers "backtracked on climate resolutions at oil major AGMs"

(Alliance News) - Some of the UK's largest investors have been accused of backtracking on their support for a climate resolution at oil majors' annual general meetings this year.

Read more
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
11 Jul 2023 10:08

Britain's 50-billion pound pensions gamble could put savers in fresh peril

LONDON, July 11 (Reuters) - Britain's financial services industry has broadly cheered fresh government proposals to jumpstart the economy by channelling 50 billion pounds ($64.5 billion) of pension fund cash into fledgling firms, but the plans could backfire on savers, experts said.

Read more
10 Jul 2023 18:00

UK pension funds back next phase of post-Brexit City shake up

Private pensions pledge up to 50 billion pounds

*

Read more
10 Jul 2023 13:45

Allergy Therapeutics appoints new CFO; interim CFO to leave in August

(Alliance News) - Allergy Therapeutics PLC on Monday said it has promoted Group Financial Controller Shaun Furlong to chief financial officer.

Read more
9 Jul 2023 13:01

Hunt to outline "evolutionary" pension funds investment reforms for UK

(Alliance News) - UK Chancellor Jeremy Hunt will promise "evolutionary not revolutionary" reforms to get pension funds making billions of pounds of riskier investments in fast-growing firms to boost economic growth.

Read more
5 Jul 2023 12:07

LONDON MARKET MIDDAY: Stocks down; eyes on China slowdown, Fed minutes

(Alliance News) - Stock prices in London were lower at midday on Wednesday amid a solidly risk-off mood following a slew of weak economic data, including from the world's second-largest economy.

Read more
5 Jul 2023 10:22

Legal & General confirms five-year targets

(Sharecast News) - Legal & General Group reiterated its five-year growth targets on Wednesday, as it confirmed that recently introduced accountancy changes would not have any impact.

Read more
5 Jul 2023 09:00

LONDON MARKET OPEN: Stocks head lower before Fed minutes

(Alliance News) - Stock prices in London opened in the red on Wednesday, amid fears of slowing growth in China, and escalating tension between the two world's largest economies.

Read more
5 Jul 2023 08:22

TOP NEWS: Legal & General says on track to achieve five-year plan

(Alliance News) - Legal & General Group PLC on Wednesday set out a confident outlook and said it enjoyed a busy first-half of pension risk transfer dealings.

Read more
5 Jul 2023 07:59

LONDON BRIEFING: L&G confident; Supreme wins "significant" vaping pact

(Alliance News) - Stocks in London are expected to open lower on Wednesday, as investors assess weaker Chinese economic data, and look ahead to the release of the latest US Federal Reserve meeting minutes.

Read more
30 Jun 2023 10:59

UK life insurers' exposure to Thames Water is 'minimal', Citi says

(Sharecast News) - Analysts at Citi pointed out on Thursday that the UK life insurance sector's direct exposure to Thames Water was "minimal".

Read more
20 Jun 2023 08:33

Lab crunch: British science has nowhere to go

OXFORD, England, June 20 (Reuters) - For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home.

Read more
15 Jun 2023 17:15

UK's FTSE 100 rises on energy boost; Informa jumps

ECB raises rates by an expected 25 bps

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.