Legal & General Group Plc (LON:LGEN) Given Consensus Rating of “Moderate Buy” by Brokerages

Legal & General Group Plc (LON:LGEN) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 267 ($3.37).

LGEN has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.73) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.35) target price on shares of Legal & General Group in a research note on Thursday, December 5th.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider John Kingman bought 716 shares of Legal & General Group stock in a transaction on Thursday, January 2nd. The stock was bought at an average price of GBX 230 ($2.91) per share, with a total value of £1,646.80 ($2,080.61). Also, insider Henrietta Baldock bought 1,046 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were bought at an average price of GBX 236 ($2.98) per share, for a total transaction of £2,468.56 ($3,118.84). Insiders bought a total of 2,880 shares of company stock worth $658,614 over the last 90 days. Company insiders own 0.88% of the company’s stock.

Legal & General Group Stock Down 0.0 %

LGEN stock opened at GBX 238.10 ($3.01) on Tuesday. The company has a market cap of £13.95 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a fifty day moving average price of GBX 232.80 and a 200 day moving average price of GBX 227.52. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. Legal & General Group has a 12 month low of GBX 211.40 ($2.67) and a 12 month high of GBX 266.20 ($3.36).

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.