LGN.O Surges After Acquisition Announcement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14 Nov 25
Source: Coinmarketcap
Shares of Legence Corp (LGN.O) rose sharply today, crossing above the 5-day simple moving average (SMA) following the announcement of its acquisition of The Bowers Group for approximately $475 million. This strategic move is expected to enhance Legence's operational capabilities in high-demand sectors such as data centers and healthcare. Analysts are optimistic about the acquisition's potential to significantly boost Legence's revenue and EBITDA, with projections indicating a substantial contribution from Bowers in the coming years. Despite recent volatility in the broader market, Legence's stock gained traction, reflecting investor confidence in its growth trajectory.
Analyst Views on LGN
Wall Street analysts forecast LGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LGN is 45.40 USD with a low forecast of 37.00 USD and a high forecast of 54.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
Current: 51.170
Low
37.00
Averages
45.40
High
54.00
About LGN
Legence Corp. is a provider of engineering, installation and maintenance services for mission-critical systems in buildings. The Company operates through two segments: Engineering & Consulting, and Installation & Maintenance. Its Engineering & Consulting includes Engineering & Design, and Program & Project Management. The Engineering & Consulting segment designs heating, ventilation and air conditioning (HVAC) and other mechanical, electrical and plumbing (MEP) systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable, and provides program and project management services for clients’ installation and retrofit projects. Its Installation & Maintenance includes Installation & Fabrication, and Maintenance & Service. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
