Legal & General Group PLC (LSE:LGEN) has had a lower price target repeated by analysts at Deutsche Bank, seemingly for those who might have missed it the first time.
Deutsche first cut is target to 275p from 300p on 18Th June, due to a reduction in total EPS forecasts by 6% across 2024-2026.
Dividend forecasts for 2025 were also reduced by 3% and 6% in 2026 to reflect the insurer’s new dividend growth guidance.
The new price also reflects a valuation cut to some of the assets within the corporate investments unit, said the bank.
Shares today were flat at 231.2p.