Legal & General Group (LON:LGEN) Stock Passes Above Two Hundred 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 225.93 ($2.75) and traded as high as GBX 234.90 ($2.86). Legal & General Group shares last traded at GBX 233.90 ($2.85), with a volume of 13,747,356 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LGEN shares. JPMorgan Chase & Co. increased their target price on shares of Legal & General Group from GBX 290 ($3.53) to GBX 295 ($3.59) and gave the stock an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.22) target price on shares of Legal & General Group in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 276.67 ($3.37).

Legal & General Group Trading Up 0.6 %

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 stock has a market cap of £13.66 billion, a price-to-earnings ratio of 4,678.00, a P/E/G ratio of 2.34 and a beta of 1.31. The business’s 50 day moving average is GBX 225.64 and its 200 day moving average is GBX 225.93.

Insider Buying and Selling

In other Legal & General Group news, insider Henrietta Baldock bought 1,118 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of GBX 221 ($2.69) per share, with a total value of £2,470.78 ($3,006.18). Also, insider John Kingman purchased 716 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were acquired at an average price of GBX 230 ($2.80) per share, with a total value of £1,646.80 ($2,003.65). Insiders acquired a total of 2,590 shares of company stock worth $576,566 over the last 90 days. 0.88% of the stock is owned by insiders.

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.