Legg Mason (LM) : Traders are bullish on Legg Mason (LM) as it has outperformed the S&P 500 by a wide margin of 0.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.2% in the last 1 week, and is up 0.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.78% and the fifty day Moving Average is 6.11%. Legg Mason Inc. is up 0.97% in the last three month period. Year-to-Date the stock performance stands at -11.62%.
Legg Mason (LM) : The consensus price target for Legg Mason (LM) is $39 for the short term with a standard deviation of $3.52. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $45, however, the pessimist price target for the company is $35.
Legg Mason (NYSE:LM): On Fridays trading session , Opening price of the stock was $34.41 with an intraday high of $34.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.95. However, the stock managed to close at $34.24, a loss of 0.06% for the day. On the previous day, the stock had closed at $34.26. The total traded volume of the day was 1,206,670 shares.
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.