Legal General Group PLC (LON:LGEN) Investors: HSBC Maintains “Buy” Rating, Sees GBX 315.00/Share; West Family Investments Raised Buckeye Partners LP (BPL) Position

April 17, 2018 - By Marguerite Chambers

Buckeye Partners, L.P. (NYSE:BPL) Logo

West Family Investments Inc increased Buckeye Partners LP (BPL) stake by 185.44% reported in 2017Q4 SEC filing. West Family Investments Inc acquired 50,000 shares as Buckeye Partners LP (BPL)’s stock declined 21.81%. The West Family Investments Inc holds 76,963 shares with $3.81 million value, up from 26,963 last quarter. Buckeye Partners LP now has $6.28 billion valuation. The stock increased 5.89% or $2.28 during the last trading session, reaching $40.99. About 1.86 million shares traded or 88.02% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since April 17, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

The broker have set PT of GBX 315.00 on Legal General Group PLC (LON:LGEN) shares. This is 16.95% from the last price. In analysts note revealed to investors on Tuesday, 17 April, HSBC kept their “Buy” rating on shares of LGEN.

Since March 9, 2018, it had 1 insider purchase, and 1 sale for $445,244 activity. On Friday, March 9 the insider Sauger Joseph sold $483,707. $38,463 worth of Buckeye Partners, L.P. (NYSE:BPL) shares were bought by McKinley Mark C..

Investors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It fall, as 48 investors sold BPL shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported. Asset Strategies has invested 0.15% in Buckeye Partners, L.P. (NYSE:BPL). Lincoln invested in 6,892 shares. Salient Cap Limited Liability Co holds 0.01% or 6,925 shares. Brookfield Asset holds 0.59% or 2.89 million shares in its portfolio. 37,617 were accumulated by Bridges Invest Management. Novare Mngmt Ltd accumulated 43,325 shares or 0.37% of the stock. Adams Asset Limited Liability Com stated it has 0.37% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Geode Lc reported 0% in Buckeye Partners, L.P. (NYSE:BPL). Diversified Trust accumulated 21,506 shares or 0.07% of the stock. Ronna Sue Cohen has 31,831 shares for 1.12% of their portfolio. 1.83 million are held by Creative Planning. The New York-based Mariner Group Limited Co has invested 2.57% in Buckeye Partners, L.P. (NYSE:BPL). Burney has invested 0.02% in Buckeye Partners, L.P. (NYSE:BPL). Girard Prtnrs Ltd owns 0.05% invested in Buckeye Partners, L.P. (NYSE:BPL) for 5,050 shares. Summit Equities holds 0.11% or 12,667 shares.

Among 17 analysts covering Buckeye Partners (NYSE:BPL), 5 have Buy rating, 1 Sell and 11 Hold. Therefore 29% are positive. Buckeye Partners has $86 highest and $42 lowest target. $58.27’s average target is 42.16% above currents $40.99 stock price. Buckeye Partners had 57 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, February 11. The stock has “Hold” rating by RBC Capital Markets on Monday, August 7. Citigroup maintained Buckeye Partners, L.P. (NYSE:BPL) on Tuesday, October 10 with “Buy” rating. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 17. Mizuho maintained the shares of BPL in report on Monday, November 7 with “Neutral” rating. The company was maintained on Thursday, September 7 by Stifel Nicolaus. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Hold” rating given on Sunday, November 5 by Mizuho. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, November 8 report. As per Tuesday, March 27, the company rating was maintained by Citigroup. The firm has “Neutral” rating by Bank of America given on Tuesday, March 6.

Among 24 analysts covering Legal General Group PLC (LON:LGEN), 12 have Buy rating, 8 Sell and 4 Hold. Therefore 50% are positive. Legal General Group PLC has GBX 325 highest and GBX 180 lowest target. GBX 262.23’s average target is -2.73% below currents GBX 269.6 stock price. Legal General Group PLC had 227 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 3 by Nomura. The firm has “Hold” rating given on Friday, October 2 by Canaccord Genuity. Barclays Capital maintained it with “Overweight” rating and GBX 292 target in Monday, October 5 report. Jefferies maintained Legal & General Group Plc (LON:LGEN) rating on Monday, September 11. Jefferies has “Hold” rating and GBX 253 target. The stock of Legal & General Group Plc (LON:LGEN) earned “Overweight” rating by Barclays Capital on Tuesday, December 6. Jefferies maintained the stock with “Buy” rating in Wednesday, March 30 report. The stock of Legal & General Group Plc (LON:LGEN) has “Sell” rating given on Wednesday, November 25 by Societe Generale. The stock of Legal & General Group Plc (LON:LGEN) has “Buy” rating given on Monday, January 11 by Jefferies. The company was maintained on Monday, May 8 by Goldman Sachs. On Tuesday, December 1 the stock rating was maintained by Bernstein with “Outperform”.

Legal & General Group Plc provides various insurance services and products worldwide. The company has market cap of 16.00 billion GBP. It operates through Legal & General Retirement , Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings, and General Insurance (GI) divisions. It has a 8.5 P/E ratio. The LGR segment provides annuity contracts with guaranteed income for a specified time; longevity insurance products for firm pension schemes; and lifetime mortgages.

The stock increased 0.60% or GBX 1.6 during the last trading session, reaching GBX 269.6. About 1.36 million shares traded. Legal & General Group Plc (LON:LGEN) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Buckeye Partners, L.P. (NYSE:BPL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Marguerite Chambers

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: