Legal & General Group Plc (LON:LGEN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Legal & General Group Plc (LON:LGEN) has been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 279 ($3.63).

A number of analysts recently issued reports on LGEN shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 245 ($3.19) target price on shares of Legal & General Group in a research report on Thursday, August 15th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 285 ($3.71) price objective on shares of Legal & General Group in a research note on Wednesday, July 17th.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider Ric Lewis purchased 1,182 shares of the company’s stock in a transaction that occurred on Monday, September 2nd. The shares were acquired at an average price of GBX 223 ($2.90) per share, for a total transaction of £2,635.86 ($3,431.22). In related news, insider Ric Lewis purchased 1,182 shares of the firm’s stock in a transaction that occurred on Monday, September 2nd. The shares were acquired at an average price of GBX 223 ($2.90) per share, for a total transaction of £2,635.86 ($3,431.22). Also, insider John Kingman purchased 726 shares of the stock in a transaction on Tuesday, October 1st. The stock was bought at an average cost of GBX 226 ($2.94) per share, for a total transaction of £1,640.76 ($2,135.85). Insiders have acquired 2,664 shares of company stock worth $592,470 over the last 90 days. Company insiders own 0.88% of the company’s stock.

Legal & General Group Stock Down 0.5 %

Shares of LGEN stock opened at GBX 216.90 ($2.82) on Friday. The firm’s fifty day moving average price is GBX 224.03 and its two-hundred day moving average price is GBX 231.79. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. Legal & General Group has a 1 year low of GBX 211.40 ($2.75) and a 1 year high of GBX 259 ($3.37). The firm has a market capitalization of £12.67 billion, a P/E ratio of 4,338.00, a PEG ratio of 2.34 and a beta of 1.31.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.