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

Legal & General Group Plc (LON:LGEN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 276.67 ($3.42).

LGEN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on Legal & General Group from GBX 290 ($3.58) to GBX 295 ($3.64) and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 265 ($3.27) price objective on shares of Legal & General Group in a report on Thursday, December 5th.

Legal & General Group Trading Up 0.5 %

LON:LGEN opened at GBX 235.30 ($2.91) on Friday. The business’s 50-day moving average is GBX 226.54 and its two-hundred day moving average is GBX 226.01. The firm has a market capitalization of £13.74 billion, a PE ratio of 4,706.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a 12 month low of GBX 211.40 ($2.61) and a 12 month high of GBX 259 ($3.20). The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50.

Insider Buying and Selling at Legal & General Group

In other news, insider Henrietta Baldock purchased 1,118 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average cost of GBX 221 ($2.73) per share, with a total value of £2,470.78 ($3,051.85). Also, insider John Kingman purchased 756 shares of the stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of GBX 218 ($2.69) per share, for a total transaction of £1,648.08 ($2,035.67). Insiders have acquired 2,590 shares of company stock valued at $576,566 in the last quarter. Corporate 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.