Legal & General Group Plc (LON:LGEN – Get Free Report) has earned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 307.80 ($3.83).
LGEN has been the topic of several recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.60) price objective on shares of Legal & General Group in a research note on Friday, March 8th. Barclays reduced their price target on shares of Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating for the company in a report on Tuesday, February 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd.
Get Our Latest Stock Analysis on Legal & General Group
Insider Transactions at Legal & General Group
Legal & General Group Stock Performance
LGEN stock opened at GBX 242.50 ($3.02) on Friday. The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51. Legal & General Group has a twelve month low of GBX 203.10 ($2.53) and a twelve month high of GBX 259 ($3.22). The company has a market cap of £14.50 billion, a P/E ratio of 3,462.40, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. The business’s fifty day moving average is GBX 245.92 and its 200-day moving average is GBX 238.11.
Legal & General Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be paid a GBX 14.63 ($0.18) dividend. This is a positive change from Legal & General Group’s previous dividend of $5.71. This represents a yield of 5.96%. The ex-dividend date is Thursday, April 25th. Legal & General Group’s payout ratio is presently 28,571.43%.
About Legal & General Group
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.
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