Legal & General Group (LON:LGEN) Sets New 52-Week High – Still a Buy?

Shares of Legal & General Group Plc (LON:LGEN) hit a new 52-week high on Friday . The company traded as high as GBX 514.70 ($6.48) and last traded at GBX 242.60 ($3.05), with a volume of 22106482 shares changing hands. The stock had previously closed at GBX 242.20 ($3.05).

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price objective on Legal & General Group from GBX 290 ($3.65) to GBX 295 ($3.71) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 265 ($3.34) price objective on shares of Legal & General Group in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 276.67 ($3.48).

Legal & General Group Price Performance

The company has a market cap of £14.17 billion, a price-to-earnings ratio of 44.64, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a fifty day moving average price of GBX 232.12 and a two-hundred day moving average price of GBX 227.14. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18.

Insider Transactions at Legal & General Group

In related news, insider Henrietta Baldock purchased 1,046 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of GBX 236 ($2.97) per share, with a total value of £2,468.56 ($3,107.06). Also, insider John Kingman purchased 716 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was bought at an average cost of GBX 230 ($2.89) per share, for a total transaction of £1,646.80 ($2,072.75). In the last quarter, insiders have bought 2,880 shares of company stock valued at $658,614. 0.88% of the stock is owned by corporate insiders.

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.