Legal & General Group Plc (LON:LGEN) Receives GBX 276.67 Consensus PT from Analysts

Legal & General Group Plc (LON:LGEN) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 276.67 ($3.44).

A number of research firms recently issued reports on LGEN. Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.29) target price on shares of Legal & General Group in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their target price on Legal & General Group from GBX 290 ($3.60) to GBX 295 ($3.66) and gave the company an “overweight” rating in a research report on Friday, December 6th.

Insider Buying and Selling

In other Legal & General Group news, insider John Kingman purchased 716 shares of Legal & General Group stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average price of GBX 230 ($2.86) per share, for a total transaction of £1,646.80 ($2,045.21). Also, insider Henrietta Baldock purchased 1,118 shares of Legal & General Group stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of GBX 221 ($2.74) per share, with a total value of £2,470.78 ($3,068.53). 0.88% of the stock is currently owned by corporate insiders.

Legal & General Group Stock Performance

LGEN opened at GBX 242.90 ($3.02) on Friday. The business’s 50-day moving average price is GBX 228.37 and its two-hundred day moving average price is GBX 226.24. Legal & General Group has a 1 year low of GBX 211.40 ($2.63) and a 1 year high of GBX 259 ($3.22). The company has a market capitalization of £14.19 billion, a price-to-earnings ratio of 4,858.00, a P/E/G 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.

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.