Legal & General Group Plc (LON:LGEN) Receives GBX 276.67 Average Price Target from Brokerages

Legal & General Group Plc (LON:LGEN) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 276.67 ($3.46).

LGEN has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Legal & General Group from GBX 290 ($3.63) to GBX 295 ($3.69) and gave the company an “overweight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.32) price target on shares of Legal & General Group in a research report on Thursday, December 5th.

Legal & General Group Price Performance

LGEN opened at GBX 229.80 ($2.88) on Monday. 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 company has a market cap of £13.42 billion, a price-to-earnings ratio of 4,596.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The stock has a fifty day simple moving average of GBX 224.16 and a two-hundred day simple moving average of GBX 226.33. Legal & General Group has a 12-month low of GBX 211.40 ($2.65) and a 12-month high of GBX 259 ($3.24).

Insider Buying and Selling at Legal & General Group

In related news, insider John Kingman acquired 756 shares of the stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of GBX 218 ($2.73) per share, with a total value of £1,648.08 ($2,062.16). Also, insider Henrietta Baldock bought 1,118 shares of Legal & General Group stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average cost of GBX 221 ($2.77) per share, with a total value of £2,470.78 ($3,091.57). 0.88% of the stock is owned by corporate insiders.

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.