JPMorgan Chase & Co. Lowers Legal & General Group (LON:LGEN) Price Target to GBX 285

Legal & General Group (LON:LGEN) had its target price lowered by research analysts at JPMorgan Chase & Co. from GBX 330 ($4.19) to GBX 285 ($3.62) in a note issued to investors on Monday, Marketbeat.com reports. The firm presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 24.35% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group restated a “hold” rating and set a GBX 255 ($3.23) price target on shares of Legal & General Group in a report on Thursday, June 13th. Berenberg Bank restated a “buy” rating and set a GBX 289 ($3.67) price target on shares of Legal & General Group in a report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Legal & General Group from GBX 300 ($3.81) to GBX 275 ($3.49) and set a “buy” rating on the stock in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 285.80 ($3.63).

Legal & General Group Stock Down 0.5 %

Legal & General Group stock opened at GBX 229.20 ($2.91) on Monday. Legal & General Group has a fifty-two week low of GBX 203.10 ($2.58) and a fifty-two week high of GBX 259 ($3.29). The stock has a market cap of £13.71 billion, a PE ratio of 3,274.29, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The firm’s 50-day simple moving average is GBX 242.90 and its 200 day simple moving average is GBX 245.78. 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.

Insiders Place Their Bets

In other Legal & General Group news, insider Henrietta Baldock purchased 957 shares of the stock in a transaction dated Monday, June 3rd. The shares were bought at an average price of GBX 254 ($3.22) per share, with a total value of £2,430.78 ($3,083.57). In other Legal & General Group news, insider Henrietta Baldock purchased 957 shares of the stock in a transaction dated Monday, June 3rd. The shares were bought at an average price of GBX 254 ($3.22) per share, with a total value of £2,430.78 ($3,083.57). Also, insider Jeff Davies sold 220,906 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of GBX 243 ($3.08), for a total transaction of £536,801.58 ($680,961.03). Over the last 90 days, insiders have purchased 10,919 shares of company stock valued at $2,732,050. Company insiders own 0.85% of the company’s stock.

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.