KBW analyst Robert Lee reiterated a Buy rating on Legg Mason (LM) yesterday and set a price target of $34. The company’s shares closed yesterday at $29.55.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 7.0% and a 64.5% success rate. Lee covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Apollo Global Management LLC, and Victory Capital Holdings Inc.
Currently, the analyst consensus on Legg Mason is a Hold with an average price target of $29.33.
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Legg Mason’s market cap is currently $2.53B and has a P/E ratio of 7.37. The company has a Price to Book ratio of 0.65.
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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.
