Legal & General Group (LON:LGEN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Legal & General Group Plc (LON:LGEN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 246.47 and traded as high as GBX 248.45. Legal & General Group shares last traded at GBX 246.46, with a volume of 26,451,832 shares changing hands.

Analyst Ratings Changes

LGEN has been the subject of several analyst reports. Berenberg Bank boosted their target price on Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a research report on Friday, October 10th. Peel Hunt restated an “add” rating and set a GBX 255 price objective on shares of Legal & General Group in a report on Wednesday, October 15th. Royal Bank Of Canada upped their target price on shares of Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. cut shares of Legal & General Group to a “neutral” rating and reduced their price target for the stock from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 257.25.

Legal & General Group Trading Up 0.4%

The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The firm has a market capitalization of £13.88 billion, a P/E ratio of 55.26, a PEG ratio of 2.34 and a beta of 1.31. The business has a 50 day moving average of GBX 239.03 and a 200-day moving average of GBX 246.47.

Insider Activity at Legal & General Group

In related news, insider Ric Lewis acquired 1,105 shares of the business’s stock in a transaction that occurred on Monday, September 1st. The shares were acquired at an average cost of GBX 247 per share, with a total value of £2,729.35. Also, insider John Kingman bought 679 shares of Legal & General Group stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of GBX 242 per share, with a total value of £1,643.18. In the last ninety days, insiders have acquired 7,759 shares of company stock valued at $1,893,437. Insiders own 0.57% of the company’s stock.

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.