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Home / Support and Resistance / Legal & General (LGEN.L) 17-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Legal & General (LGEN.L) 17-10-19

Will Legal & General (LGEN.L) shares break out, or will it fall back again to the 217p support? (-19%)?

 

  • Currently trading around the 271p resistance at 270.1p (at time of writing).
  • The resistance has been reliable. Will the price action repeat?
  • Short sellers might be interested in this key level. Will we see a return to support at 217p? (-19%).
  • Be aware of news and developments. Check our website and other news channels for updates.
  • Shares -7% from 12-month highs; +24% from 12 month lows.

Latest News

01 Oct:  Sir John Kingman, Chairman, bought 658 shares in the firm on the 1st October 2019 at a price of 249.45p. This Director currently has 174,455 shares.

01 Oct:  Sir John Kingman, Chairman, bought 1,719 shares in the firm on the 1st October 2019 at a price of 249.25p. This Director currently has 173,797 shares.

16 Sep:  JP Morgan Cazenove reiterates its neutral rating on Legal & General Group (LGEN) and reduced the target price to 269p (from 285p).

05 Sep:  UBS reiterates its sell rating on Legal & General Group (LGEN) and reduced the target price to 200p (from 215p).

03 Sep:  Barclays Capital reiterates its overweight rating on Legal & General Group (LGEN) and increased the target price to 331p (from 320p).

27 Aug:  Deutsche Bank reiterates its buy rating on Legal & General Group (LGEN) and reduced the target price to 290p (from 310p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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