Legal & General Group Plc (LON:LGEN) Stock Has Average Price Target of GBX 276.86 According to Analysts

Shares of Legal & General Group Plc (LON:LGEN) have been assigned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 276.86.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a research note on Thursday, August 13th. Citigroup cut Legal & General Group to a “sell” rating and lowered their price target for the company from GBX 251 to GBX 245 in a research note on Monday, August 10th. Peel Hunt restated an “add” rating and issued a GBX 320 price objective on shares of Legal & General Group in a report on Tuesday, August 4th. Royal Bank Of Canada restated an “underperform” rating and issued a GBX 270 price objective on shares of Legal & General Group in a report on Wednesday, September 2nd. Finally, Berenberg Bank raised their price objective on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th.

Insider Buying and Selling

In other Legal & General Group news, insider Mark Jordy purchased 3,671 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were bought at an average price of GBX 288 per share, for a total transaction of £10,572.48. Insiders have purchased 11,042 shares of company stock valued at $3,240,907 over the last ninety days. Insiders own 0.59% of the company’s stock.

Legal & General Group Price Performance

LON:LGEN opened at GBX 292.20 on Friday. Legal & General Group has a fifty-two week low of GBX 217.20 and a fifty-two week high of GBX 318.10. The stock’s 50-day moving average is GBX 294.25 and its two-hundred day moving average is GBX 281.12. The stock has a market cap of £15.69 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last released its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, equities research analysts anticipate that Legal & General Group will post 24.24 earnings per share for the current year.

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. 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.