Jefferies analyst Daniel Fannon reiterated a Hold rating on Legg Mason (LM) today and set a price target of $29. The company’s shares closed yesterday at $26.80, close to its 52-week low of $23.25.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 13.0% and a 71.6% success rate. Fannon covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, WisdomTree Investments, and Gain Capital Holdings.
Currently, the analyst consensus on Legg Mason is a Moderate Buy with an average price target of $31.50.
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Legg Mason’s market cap is currently $2.29B and has a P/E ratio of 6.68. The company has a Price to Book ratio of 0.59.
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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.
