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Pin to quick picksLegal & General Share News (LGEN)

Share Price Information for Legal & General (LGEN)

London Stock Exchange
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Share Price: 235.80
Bid: 235.80
Ask: 235.90
Change: 0.50 (0.21%)
Spread: 0.10 (0.042%)
Open: 235.60
High: 236.90
Low: 234.80
Prev. Close: 235.30
LGEN Live PriceLast checked at -

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Broker tips: Whitbread, L&G, Weir

Wed, 04th May 2011 12:59

Credit Suisse keeps its 'outperform' rating on Whitbread, but slashes its target price from 2,230p to 1,992p, after a cautious outlook alongside its full year results.Credit Suisse said that the Costa Coffee and Premier Inn owner reported "solid" figures for the year ended 3 March, but issued cautious comments on current trading which has prompted the broker to revise down its earnings per share (EPS) forecasts by 6% and 9% in 2012 and 2013, respectively.However, the broker noted that its new target price implies 19% upside potential, as Whitbread has underperformed the FTSE 350 travel and leisure sector by 6% since hitting recent highs in January.Legal & General was one of the strongest performing stocks on the FTSE 100 during the first three months of the year, and Panmure Gordon expects the good performance to continue based on the insurance titan's attractive valuation.The broker said new business sales were "impressive" with life and pensions sales of £433m on an annualised premium equivalent (APE), compared with a close-to-consensus forecast of £446m (within the £353-477m range).With the shares trading at an 11% discount to the broker's 2011 estimated embedded value of 139p per share, the target price has been increased from 130p to 139p to reflect this.Peel Hunt has raised its target price for engineer Weir following the group's upgrade to full year profit guidance announced on Wednesday.The statement reported record order intake for Minerals and Oil & Gas, with the latter being boosted by continued high level of shale gas activity in North America. Order input increased by 39% on last year (+30% on a like-for-like basis)."Consequently, management has raised its full-year pre-tax profit guidance by £20m," notes the broker. Peel Hunt increases its target price to 1,900p, from 1,800p, to reflect the upgrade, but maintain its 'hold' recommendation.
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25 Apr 2023 11:00

Top US banks face calls to wind down fossil-fuel financing

April 25 (Reuters) - Three large US banks face shareholder calls on Tuesday to wind down fossil fuel financing, a balancing act for them and their top investors who are also under political pressure from the other side to maintain support of the oil and gas industries.

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20 Apr 2023 15:46

UK dividends calendar - next 7 days

Friday 21 April 
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JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
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Monday 24 April 
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Tuesday 25 April 
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Wednesday 26 April 
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Thursday 27 April 
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AVI Japan Opportunity Trust PLCex-dividend payment date
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Haleon PLCdividend payment date
HSBC Holdings PLCdividend payment date
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17 Apr 2023 07:05

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

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14 Apr 2023 23:00

Investors to urge UK firms to protect low-paid workers

Low paid disproportionately hit by high inflation

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14 Apr 2023 13:43

Major investors back Hammerson in row with Lighthouse

(Sharecast News) - Two major investors have come out in support of shopping centre owner Hammerson amid demands from its biggest shareholder to speed up asset sales and resume dividend payments.

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13 Apr 2023 14:10

L&G's fund arm to back climate votes at U.S., Canadian banks

Backs time-bound fossil fuel phase out at six banks

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13 Apr 2023 11:14

L&G's fund arm to back climate votes at U.S., Canadian banks

Backs time-bound fossil fuel phase out at six banks

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30 Mar 2023 08:49

BlackRock calls on clients to rethink hedging strategy after UK pension crisis

LONDON, March 30 (Reuters) - BlackRock's liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity and risks of a strategy that imploded last year.

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9 Mar 2023 09:15

LONDON BROKER RATINGS: Liberum cuts National Express to 'sell'

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8 Mar 2023 17:30

FTSE 100 inches up as investors assess Powell's comments; Hiscox gains

Restaurant Group slumps on plans to close restaurants

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8 Mar 2023 17:17

LONDON MARKET CLOSE: Stocks mostly down on hawkish Powell comments

(Alliance News) - Stock prices in London closed mostly lower on Wednesday, as investors continued to fret over comments made by the US Federal Reserve Chair Jerome Powell on Tuesday.

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8 Mar 2023 12:07

LONDON MARKET MIDDAY: Stocks down, pound below USD1.19 on US rate view

(Alliance News) - Stock prices in London were lower at midday on Wednesday, with investors still reeling from surprisingly hawkish comments by US Federal Reserve Chair Jerome Powell on Tuesday.

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8 Mar 2023 10:20

TOP NEWS: Legal & General annual profit rises amid high interest rates

(Alliance News) - Legal & General Plc on Wednesday reported a firm increase in annual profit and a record solvency ratio in its annual report.

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8 Mar 2023 09:01

LONDON MARKET OPEN: Stocks slide as higher US interest rates priced in

(Alliance News) - Stock prices in London opened in the red on Wednesday morning, after comments by US Federal Reserve Chair Jerome Powell put a larger 50-basis-point interest hike at the US central bank's next meeting in March firmly on the radar.

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8 Mar 2023 08:04

Legal & General FY operating profit beats expectations

(Sharecast News) - Legal & General lifted its dividend on Wednesday as it posted a jump in full-year operating profit.

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