Jefferies Financial Group Reaffirms Hold Rating for Legal & General Group (LON:LGEN)

Jefferies Financial Group restated their hold rating on shares of Legal & General Group (LON:LGEN) in a research note published on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 255 ($3.25) price objective on the financial services provider’s stock.

A number of other analysts have also issued reports on the company. Barclays reduced their target price on Legal & General Group from GBX 336 ($4.28) to GBX 325 ($4.14) and set an overweight rating for the company in a report on Tuesday, February 20th. Berenberg Bank reaffirmed a buy rating and issued a GBX 289 ($3.68) price target on shares of Legal & General Group in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada reaffirmed an outperform rating on shares of Legal & General Group in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of GBX 291.80 ($3.72).

Legal & General Group Price Performance

Shares of LON:LGEN opened at GBX 224.96 ($2.86) on Thursday. Legal & General Group has a one year low of GBX 203.10 ($2.59) and a one year high of GBX 259 ($3.30). The stock has a fifty day moving average of GBX 245.69 and a 200-day moving average of GBX 245.95. The company has a market capitalization of £13.45 billion, a PE ratio of 3,210.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company has a debt-to-equity ratio of 1,372.51, a quick ratio of 0.50 and a current ratio of 4.70.

Insider Transactions at Legal & General Group

In related news, insider Henrietta Baldock purchased 958 shares of the stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average cost of GBX 254 ($3.23) per share, with a total value of £2,433.32 ($3,098.59). In related news, insider John Kingman acquired 7,978 shares of the stock in a transaction on Friday, June 7th. The shares were acquired at an average price of GBX 251 ($3.20) per share, with a total value of £20,024.78 ($25,499.53). Also, insider Henrietta Baldock acquired 958 shares of the stock in a transaction on Tuesday, April 2nd. The stock was bought at an average cost of GBX 254 ($3.23) per share, for a total transaction of £2,433.32 ($3,098.59). In the last three months, insiders acquired 10,919 shares of company stock worth $2,732,050 and sold 324,303 shares worth $79,322,614. Company insiders own 0.85% of the company’s stock.

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.