Legal & General Group (LON:LGEN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Legal & General Group Plc (LON:LGEN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 228.62 ($2.89) and traded as high as GBX 234.27 ($2.96). Legal & General Group shares last traded at GBX 232.20 ($2.93), with a volume of 7,117,895 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 265 ($3.34) price objective on shares of Legal & General Group in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 276.67 ($3.49).

Legal & General Group Stock Performance

The stock has a market cap of £13.56 billion, a P/E ratio of 4,644.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50. The company has a 50 day simple moving average of GBX 224.06 and a 200-day simple moving average of GBX 228.65.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock purchased 1,118 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average price of GBX 221 ($2.79) per share, with a total value of £2,470.78 ($3,118.49). Also, insider John Kingman acquired 726 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were purchased at an average cost of GBX 226 ($2.85) per share, for a total transaction of £1,640.76 ($2,070.88). Insiders have acquired 2,600 shares of company stock worth $575,962 over the last ninety days. Insiders own 0.88% 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.