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

Shares of Legal & General Group Plc (LON:LGEN) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 276.67 ($3.49).

Several equities research analysts have recently commented on LGEN shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 ($3.34) price target on shares of Legal & General Group in a research report on Thursday, December 5th. JPMorgan Chase & Co. increased their target price on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th.

Insider Activity

In other news, insider John Kingman bought 716 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was purchased at an average price of GBX 230 ($2.90) per share, with a total value of £1,646.80 ($2,077.72). Also, insider Henrietta Baldock acquired 1,118 shares of the stock in a transaction on Monday, December 2nd. The stock was bought at an average price of GBX 221 ($2.79) per share, for a total transaction of £2,470.78 ($3,117.31). Over the last 90 days, insiders have bought 2,880 shares of company stock worth $658,614. Company insiders own 0.88% of the company’s stock.

Legal & General Group Stock Performance

Shares of Legal & General Group stock opened at GBX 241.80 ($3.05) on Tuesday. The stock has a market cap of £14.17 billion, a price-to-earnings ratio of 44.64, a PEG ratio of 2.34 and a beta of 1.31. The firm’s 50-day moving average is GBX 232.12 and its 200 day moving average is GBX 227.12. Legal & General Group has a 1 year low of GBX 211.40 ($2.67) and a 1 year high of GBX 514.70 ($6.49). The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.

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.