Legg Mason Gets a Hold Rating from Credit Suisse

By Jason Carr

Credit Suisse analyst Craig Siegenthaler maintained a Hold rating on Legg Mason (NYSE: LM) yesterday and set a price target of $53. The company’s shares closed yesterday at $34.73, close to its 52-week low of $34.56.

According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 7.9% and a 64.1% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.

Legg Mason has an analyst consensus of Moderate Buy, with a price target consensus of $46.83.

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Legg Mason’s market cap is currently $2.94B and has a P/E ratio of 9.29. The company has a Price to Book ratio of 0.77.

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Legg Mason, Inc. is a global asset management company. It provides investment management and related services to institutional and individual clients, company sponsored mutual funds and other pooled investment vehicles through financial intermediaries.