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

Legal & General Group Plc (LON:LGEN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 225.93 ($2.75) and traded as high as GBX 234.90 ($2.86). Legal & General Group shares last traded at GBX 233.90 ($2.85), with a volume of 13,747,356 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Legal & General Group from GBX 290 ($3.53) to GBX 295 ($3.59) and gave the company an “overweight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.22) target price on shares of Legal & General Group in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 276.67 ($3.37).

Legal & General Group Stock Up 0.6 %

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’s 50-day moving average price is GBX 225.64 and its 200 day moving average price is GBX 225.93. The stock has a market capitalization of £13.66 billion, a P/E ratio of 4,678.00, a P/E/G ratio of 2.34 and a beta of 1.31.

Insider Activity

In other news, insider John Kingman acquired 756 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was acquired at an average price of GBX 218 ($2.65) per share, with a total value of £1,648.08 ($2,005.21). Also, insider Henrietta Baldock bought 1,118 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of GBX 221 ($2.69) per share, with a total value of £2,470.78 ($3,006.18). Insiders have acquired 2,590 shares of company stock worth $576,566 over the last ninety days. Corporate insiders own 0.88% 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.