Legg Mason (LM) has an average broker rating of 1.63, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.
Legg Mason (LM) : The highest short term price target forecast on Legg Mason (LM) is $45 and the lowest target price is $35. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $39 with a standard deviation of $3.52.
For the current week, the company shares have a recommendation consensus of Buy.
Legg Mason (NYSE:LM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.26 and $33.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.90, notching a gain of 2.11% for the day. The total traded volume was 1,267,901 . The stock had closed at $33.20 on the previous day.
Legg Mason, Inc. is a holding company. Through its subsidiaries, the Company provides investment management and related services to institutional and individual clients, company-sponsored investment funds and retail separately managed account programs. The Company offers its products and services directly and through various financial intermediaries. Its investment advisory services include discretionary and non-discretionary management of separate investment accounts in numerous investment styles for institutional and individual investors. Its investment products include proprietary mutual funds ranging from money market and other liquidity products to fixed income, equity and alternative funds managed in a wide variety of investment styles. The Company also offers other domestic and offshore funds to both retail and institutional investors and funds-of-hedge funds. The Companys United States mutual funds consist of two groups of mutual and closed-end funds.