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

Legal & General Group Plc (LON:LGEN) has earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 276.67 ($3.44).

LGEN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Legal & General Group from GBX 290 ($3.60) to GBX 295 ($3.66) and gave the company an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reissued a “buy” rating and issued a GBX 265 ($3.29) price target on shares of Legal & General Group in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th.

Legal & General Group Trading Up 0.7 %

Shares of LGEN opened at GBX 242.90 ($3.02) on Friday. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12. The company has a market cap of £14.19 billion, a price-to-earnings ratio of 4,858.00, a PEG ratio of 2.34 and a beta of 1.31. The stock has a fifty day moving average price of GBX 228.37 and a two-hundred day moving average price of GBX 226.24. Legal & General Group has a 52-week low of GBX 211.40 ($2.63) and a 52-week high of GBX 259 ($3.22).

Insider Activity

In other news, insider John Kingman acquired 716 shares of Legal & General Group stock in a transaction that occurred on Thursday, January 2nd. The shares were acquired at an average price of GBX 230 ($2.86) per share, with a total value of £1,646.80 ($2,045.21). Also, insider Henrietta Baldock acquired 1,118 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were purchased at an average price of GBX 221 ($2.74) per share, with a total value of £2,470.78 ($3,068.53). 0.88% of the stock is currently 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.