Zacks Investment Research announced Legg Mason Inc (NYSE:LM), raising its target price to $38.00 today
- Updated: October 7, 2016
Legg Mason Inc (NYSE:LM) had its target bumped up to $38.00 by Zacks Investment Research in an issued report issued Friday October 07, 2016. The updated target price indicates a possible upside of 0.12% based on the company's last stock close price.
Yesterday Legg Mason Inc (NYSE:LM) traded -1.65% lower at $33.99. The company’s 50-day moving average is $34.03 and its 200-day moving average is $32.97. The last stock close price is up 1.39% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 906,781 shares of LM changing hands under the typical 1,142,550
With a total market value of $0, Legg Mason Inc has with a one year low of $24.93 and a one year high of $46.41 .
A total of 11 equity analysts have released a research note on LM. Four equity analysts rating the company a strong buy, five equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $41.18.
More About Legg Mason Inc (NYSE:LM)
Legg Mason, Inc. is a holding company. The Company and its subsidiaries are principally engaged in providing asset management and related financial services to individuals, institutions, corporations and municipalities. The Company operates through Global Asset Management segment. Global Asset Management provides investment advisory services to institutional and individual clients and to the Company-sponsored investment funds. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, Company-sponsored investment funds and retail separately managed account programs. It offers its products and services directly and through various financial intermediaries. It has operations principally in the United States and the United Kingdom and also has offices in Australia, Bahamas, Brazil, Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland and Taiwan.
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