Legal & General Group (LON:LGEN) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Legal & General Group Plc (LON:LGEN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 226.30 ($2.80) and traded as high as GBX 243.80 ($3.02). Legal & General Group shares last traded at GBX 242.70 ($3.01), with a volume of 16,033,039 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.28) price target on shares of Legal & General Group in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their price target on Legal & General Group from GBX 290 ($3.59) to GBX 295 ($3.66) and gave the company an “overweight” rating in a research report on Friday, December 6th. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 276.67 ($3.43).

Legal & General Group Price Performance

The firm has a market capitalization of £14.17 billion, a price-to-earnings ratio of 4,854.00, a PEG ratio of 2.34 and a beta of 1.31. 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 business has a 50-day moving average price of GBX 228.84 and a two-hundred day moving average price of GBX 226.30.

Insider Buying and Selling

In other Legal & General Group news, insider John Kingman acquired 716 shares of Legal & General Group stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average cost of GBX 230 ($2.85) per share, for a total transaction of £1,646.80 ($2,040.90). Also, insider Henrietta Baldock bought 1,118 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 221 ($2.74) per share, for a total transaction of £2,470.78 ($3,062.06). 0.88% of the stock is owned by company 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.