Legal & General Group Plc (LON:LGEN) Receives GBX 285.80 Consensus Target Price from Analysts

Shares of Legal & General Group Plc (LON:LGEN) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 285.80 ($3.66).

A number of brokerages recently issued reports on LGEN. JPMorgan Chase & Co. decreased their target price on shares of Legal & General Group from GBX 330 ($4.23) to GBX 285 ($3.65) and set an “overweight” rating on the stock in a research report on Monday, June 24th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 255 ($3.27) price objective on shares of Legal & General Group in a research report on Thursday, June 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 289 ($3.70) target price on shares of Legal & General Group in a research note on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Legal & General Group from GBX 300 ($3.84) to GBX 275 ($3.52) and set a “buy” rating on the stock in a research note on Tuesday, June 18th.

Legal & General Group Price Performance

LON:LGEN opened at GBX 232.40 ($2.98) on Monday. Legal & General Group has a 12-month low of GBX 203.10 ($2.60) and a 12-month high of GBX 259 ($3.32). The firm has a market cap of £13.90 billion, a price-to-earnings ratio of 3,320.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company’s 50-day moving average is GBX 239.97 and its two-hundred day moving average is GBX 244.31. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51.

Insider Buying and Selling

In other news, insider Laura Wade-Gery purchased 926 shares of the stock in a transaction on Monday, July 1st. The stock was purchased at an average price of GBX 230 ($2.95) per share, with a total value of £2,129.80 ($2,728.06). In other Legal & General Group news, insider Henrietta Baldock bought 957 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of GBX 254 ($3.25) per share, with a total value of £2,430.78 ($3,113.59). Also, insider Laura Wade-Gery bought 926 shares of Legal & General Group stock in a transaction that occurred on Monday, July 1st. The shares were acquired at an average price of GBX 230 ($2.95) per share, for a total transaction of £2,129.80 ($2,728.06). In the last ninety days, insiders have bought 10,887 shares of company stock valued at $2,701,698. 0.85% of the stock is currently owned by company insiders.

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.