In a report released today, Brian Bedell from Deutsche Bank maintained a Buy rating on Legg Mason (LM), with a price target of $31. The company’s shares opened today at $28.04, close to its 52-week low of $26.10.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.9% and a 52.5% success rate. Bedell covers the Financial sector, focusing on stocks such as WisdomTree Investments, Affiliated Managers, and Franklin Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Legg Mason with a $31.83 average price target, implying a 13.5% upside from current levels. In a report issued on November 6, KBW also reiterated a Buy rating on the stock with a $33 price target.
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Legg Mason’s market cap is currently $2.42B and has a P/E ratio of 7.05. The company has a Price to Book ratio of 0.62.
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Legg Mason, Inc. is a global asset management company. It provides investment management and related services to institutional and individual clients, company sponsored mutual funds and other pooled investment vehicles through financial intermediaries.
