Legal & General Group Plc (LON:LGEN) Receives Average Rating of “Moderate Buy” from Brokerages

Legal & General Group Plc (LON:LGEN) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 276.67 ($3.44).

A number of equities research analysts have recently weighed in on LGEN shares. JPMorgan Chase & Co. raised their price objective on shares of Legal & General Group from GBX 290 ($3.61) to GBX 295 ($3.67) and gave the company an “overweight” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 ($3.30) price objective on shares of Legal & General Group in a research report on Thursday, December 5th.

Legal & General Group Price Performance

LON:LGEN opened at GBX 235.72 ($2.93) on Friday. Legal & General Group has a 52 week low of GBX 211.40 ($2.63) and a 52 week high of GBX 259 ($3.22). The stock’s fifty day moving average is GBX 227.64 and its two-hundred day moving average is GBX 226.17. The company has a market capitalization of £13.77 billion, a P/E ratio of 4,714.40, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64.

Insider Activity

In related news, insider John Kingman bought 756 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of GBX 218 ($2.71) per share, with a total value of £1,648.08 ($2,050.62). Also, insider Henrietta Baldock purchased 1,118 shares of the stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.75) per share, with a total value of £2,470.78 ($3,074.26). Insiders acquired 2,590 shares of company stock worth $576,566 over the last ninety days. Corporate 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.