Legal & General Group (LON:LGEN) PT Raised to GBX 260 at Goldman Sachs Group

Legal & General Group (LON:LGEN) had its price target hoisted by analysts at Goldman Sachs Group from GBX 245 ($3.20) to GBX 260 ($3.40) in a note issued to investors on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s target price points to a potential downside of 3.35% from the company’s previous close.

Several other equities analysts have also recently commented on LGEN. Royal Bank of Canada boosted their price objective on shares of Legal & General Group from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company a “top pick” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. dropped their target price on shares of Legal & General Group from GBX 285 ($3.72) to GBX 269 ($3.51) and set a “neutral” rating for the company in a research report on Monday, September 16th. Credit Suisse Group lifted their target price on shares of 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. Barclays reiterated an “overweight” rating on shares of Legal & General Group in a research report on Thursday, October 24th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Legal & General Group in a research report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Legal & General Group presently has a consensus rating of “Hold” and a consensus target price of GBX 288.40 ($3.77).

Shares of LON:LGEN opened at GBX 269 ($3.51) on Wednesday. The company has a 50 day moving average of GBX 259.44 and a 200 day moving average of GBX 258.65. The stock has a market cap of $16.38 billion and a P/E ratio of 8.30. Legal & General Group has a 12 month low of GBX 210.70 ($2.75) and a 12 month high of GBX 2,644 ($34.55). The company has a current ratio of 1.45, a quick ratio of 0.45 and a debt-to-equity ratio of 51.72.

In other Legal & General Group news, insider George Lewis acquired 394 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of GBX 265 ($3.46) per share, for a total transaction of £1,044.10 ($1,364.30). Also, insider Toby Strauss acquired 1,242 shares of the stock in a transaction dated Monday, September 2nd. The stock was acquired at an average price of GBX 221 ($2.89) per share, with a total value of £2,744.82 ($3,586.59). Over the last quarter, insiders have acquired 2,740 shares of company stock valued at $653,788.

Legal & General Group Company Profile

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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Analyst Recommendations for Legal & General Group (LON:LGEN)

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