Shares of Legal & General Group Plc (LON:LGEN – Get Free Report) have received a consensus recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 276.86.
Several equities research analysts recently issued reports on LGEN shares. Berenberg Bank lifted their price target on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a report on Thursday, August 6th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 185 price objective on shares of Legal & General Group in a research note on Wednesday, August 5th. Citigroup lowered shares of Legal & General Group to a “sell” rating and cut their target price for the company from GBX 251 to GBX 245 in a research report on Monday, August 10th. Peel Hunt reaffirmed an “add” rating and set a GBX 320 target price on shares of Legal & General Group in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a report on Thursday, August 13th.
Get Our Latest Analysis on LGEN
Insider Buying and Selling at Legal & General Group
In other news, insider Mark Jordy acquired 3,468 shares of Legal & General Group stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of GBX 305 per share, for a total transaction of £10,577.40. Over the last 90 days, insiders acquired 11,018 shares of company stock worth $3,240,794. Company insiders own 0.59% of the company’s stock.
Legal & General Group Trading Up 0.3%
Shares of LON LGEN opened at GBX 307.20 on Wednesday. The company has a market cap of £16.50 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 2.34 and a beta of 0.81. Legal & General Group has a 12 month low of GBX 217.20 and a 12 month high of GBX 318.10. The stock has a 50-day moving average price of GBX 294.42 and a two-hundred day moving average price of GBX 277.38.
Legal & General Group (LON:LGEN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, sell-side analysts predict that Legal & General Group will post 24.24 earnings per share for the current year.
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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.
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