Leggett & Platt Incorporated (LEG) : Analyst Rating Update

Leggett & Platt Incorporated (LEG) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 4 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 3 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 2, which is also a Buy.

Leggett & Platt Incorporated (LEG) : 2 Wall Street analysts covering Leggett & Platt Incorporated (LEG) believe that the average level the stock could reach for the short term is $50.5. The maximum price target given is $51 and the minimum target for short term is around $50, hence the standard deviation is calculated at $0.71.

Leggett & Platt Incorporated (NYSE:LEG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.14 and $49.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $51.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $51.12, notching a gain of 1.29% for the day. The total traded volume was 998,540 . The stock had closed at $50.47 on the previous day.

The company shares have rallied 3.76% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $51.40 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $49.91 and the 200 Day Moving Average price is recorded at $46.20.

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices, automobiles and commercial aircraft. The Company operates in four segments: Residential Furnishings segment, which manufactures steel coiled bedsprings; Commercial Fixturing & Components segment, which include work furniture group that designs, manufactures, and distributes a range of engineered components and products primarily for the office seating market; Industrial Materials segment consists of wire group, which operates a steel rod mill and tubing group, which supplies welded steel tubing and Specialized Products segment designs, manufactures and sells products, including automotive seating components, specialized machinery and equipment, and service van interiors. Its brands include Semi-Flex, ComfortCore, Mira-Coil, Lura-Flex, Superlastic, Super Sagless, Tack & Jump, Schukra, Gribetz, Masterack and Hanes, among others.

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