Barclays Raises LGN (NASDAQ:LGN) Price Target to $45.00

LGN (NASDAQ:LGN) had its price objective boosted by stock analysts at Barclays from $37.00 to $45.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 9.58% from the stock’s current price.

A number of other research firms also recently issued reports on LGN. Zacks Research upgraded shares of LGN from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Tigress Financial lifted their price target on shares of LGN from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings began coverage on shares of LGN in a research report on Wednesday, January 14th. They set a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, LGN has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

LGN Stock Performance

Shares of LGN opened at $49.77 on Friday. LGN has a 52-week low of $26.96 and a 52-week high of $50.20. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98.

Institutional Trading of LGN

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new position in LGN during the fourth quarter worth $31,000. Freestone Capital Holdings LLC acquired a new position in shares of LGN during the fourth quarter valued at about $1,153,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of LGN during the fourth quarter worth about $1,220,000.

LGN Company Profile

Legence Corp. is a provider of engineering, consulting, installation and maintenance services for mission-critical systems in buildings. The company specializes in designing, fabricating and installing complex HVAC, process piping and other mechanical, electrical and plumbing systems. Legence Corp. is based in SAN JOSE, Calif.