Berenberg Bank Reiterates “Buy” Rating for Legal & General Group (LON:LGEN)

Legal & General Group (LON:LGEN)‘s stock had its “buy” rating restated by Berenberg Bank in a note issued to investors on Monday, Marketbeat Ratings reports. They presently have a GBX 265 ($3.36) price target on the financial services provider’s stock. Berenberg Bank’s price target indicates a potential upside of 11.06% from the company’s previous close.

A number of other equities analysts have also issued reports on LGEN. 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 objective on shares of Legal & General Group from GBX 290 ($3.68) to GBX 295 ($3.74) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 267 ($3.38).

Legal & General Group Stock Up 0.5 %

Shares of LGEN stock opened at GBX 238.60 ($3.02) on Monday. Legal & General Group has a fifty-two week low of GBX 211.40 ($2.68) and a fifty-two week high of GBX 266.20 ($3.37). The firm has a market capitalization of £13.98 billion, a PE ratio of 44.05, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The stock’s 50-day simple moving average is GBX 233.21 and its 200-day simple moving average is GBX 227.58.

Insiders Place Their Bets

In other news, insider John Kingman bought 716 shares of Legal & General Group stock in a transaction on Thursday, January 2nd. The stock was acquired at an average price of GBX 230 ($2.92) per share, with a total value of £1,646.80 ($2,087.20). Also, insider Henrietta Baldock acquired 1,118 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.80) per share, for a total transaction of £2,470.78 ($3,131.53). Over the last quarter, insiders bought 2,880 shares of company stock worth $658,614. Company 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.