In a report released yesterday, Robert Lee from KBW reiterated a Buy rating on Legg Mason (LM), with a price target of $32. The company’s shares closed yesterday at $26.80, close to its 52-week low of $23.25.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 6.3% and a 61.8% success rate. Lee covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Victory Capital Holdings Inc, and Oaktree Capital Group Llc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Legg Mason with a $31.50 average price target.
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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.
