Shares of Legal & General Group Plc (LON:LGEN) have been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 284.14 ($3.71).
Several equities analysts recently issued reports on the company. Credit Suisse Group upped their target price on Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the company an “underperform” rating in a research report on Monday, July 22nd. Royal Bank of Canada upped their target price on Legal & General Group from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company a “top pick” rating in a research report on Thursday, July 25th. Barclays upped their target price on Legal & General Group from GBX 320 ($4.18) to GBX 331 ($4.33) and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Deutsche Bank reissued a “buy” rating on shares of Legal & General Group in a research report on Tuesday, September 3rd. Finally, UBS Group reissued a “sell” rating and issued a GBX 200 ($2.61) target price (down from GBX 215 ($2.81)) on shares of Legal & General Group in a research report on Thursday, September 5th.
Shares of LON LGEN traded down GBX 0.90 ($0.01) during mid-day trading on Friday, hitting GBX 244.90 ($3.20). The stock had a trading volume of 15,961,287 shares, compared to its average volume of 20,180,000. The company has a debt-to-equity ratio of 51.72, a quick ratio of 0.45 and a current ratio of 1.45. The company has a 50 day moving average of GBX 234.27 and a two-hundred day moving average of GBX 263.33. Legal & General Group has a twelve month low of GBX 214.90 ($2.81) and a twelve month high of GBX 292.30 ($3.82). The firm has a market cap of $14.44 billion and a PE ratio of 7.56.
In related news, insider Toby Strauss purchased 1,242 shares of the firm’s stock in a transaction that occurred on Monday, September 2nd. The shares were purchased at an average cost of GBX 221 ($2.89) per share, with a total value of £2,744.82 ($3,586.59). Also, insider Henrietta Baldock purchased 711 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of GBX 261 ($3.41) per share, for a total transaction of £1,855.71 ($2,424.81). Over the last three months, insiders have bought 3,527 shares of company stock worth $888,181.
About Legal & General Group
Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.
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