Goldman Sachs analyst Andrew Baker reiterated a Hold rating on Legal & General today and set a price target of p249.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Andrew Baker has given his Hold rating due to a combination of factors that influence Legal & General’s current market position. The company is facing a stable yet challenging environment, where its financial performance remains consistent but lacks significant growth catalysts. Baker notes that while Legal & General has a strong market presence and a solid financial foundation, the anticipated returns do not justify a more aggressive investment stance at this time.
Additionally, the broader economic conditions and regulatory landscape contribute to a cautious outlook. The company is navigating through a period of uncertainty, with potential risks that could impact its future performance. As such, Baker advises investors to maintain their current positions, reflecting a balanced view of the potential risks and rewards associated with Legal & General’s stock.
In another report released on October 15, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a p238.00 price target.
Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LGEN in relation to earlier this year.