Analysts Set Legal & General Group Plc (LON:LGEN) PT at GBX 279

Legal & General Group Plc (LON:LGEN) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 276.67 ($3.53).

A number of equities research analysts have commented on LGEN shares. Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 245 ($3.12) target price on shares of Legal & General Group in a research report on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on Legal & General Group from GBX 290 ($3.70) to GBX 295 ($3.76) and gave the stock an “overweight” rating in a research note on Friday. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 265 ($3.38) price objective on shares of Legal & General Group in a research note on Thursday.

Legal & General Group Stock Performance

Shares of LGEN opened at GBX 237.50 ($3.03) on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. The firm’s fifty day simple moving average is GBX 223.37 and its two-hundred day simple moving average is GBX 229.24. Legal & General Group has a 12 month low of GBX 211.40 ($2.69) and a 12 month high of GBX 259 ($3.30). The stock has a market capitalization of £13.87 billion, a P/E ratio of 4,750.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock acquired 1,118 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were bought at an average price of GBX 221 ($2.82) per share, for a total transaction of £2,470.78 ($3,149.10). Also, insider John Kingman purchased 756 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of GBX 218 ($2.78) per share, with a total value of £1,648.08 ($2,100.54). Over the last quarter, insiders have bought 2,600 shares of company stock worth $575,962. Insiders own 0.88% of the company’s stock.

Legal & General Group Company Profile

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.