Legal & General Group Plc (LON:LGEN) Given Average Recommendation of “Moderate Buy” by Brokerages

Legal & General Group Plc (LON:LGEN) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 279 ($3.55).

Several brokerages have recently commented on LGEN. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 245 ($3.11) price objective on shares of Legal & General Group in a research report on Thursday, August 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 ($3.37) price objective on shares of Legal & General Group in a research report on Thursday.

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 237.60 ($3.02) on Thursday. The company has a market cap of £13.88 billion, a price-to-earnings ratio of 4,752.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a 52 week low of GBX 211.40 ($2.69) and a 52 week high of GBX 259 ($3.29). The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64. The firm has a 50 day moving average of GBX 222.79 and a 200-day moving average of GBX 229.24.

Insider Buying and Selling

In related news, insider Henrietta Baldock acquired 1,118 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were acquired at an average cost of GBX 221 ($2.81) per share, for a total transaction of £2,470.78 ($3,139.49). Also, insider John Kingman acquired 756 shares of the company’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of GBX 218 ($2.77) per share, for a total transaction of £1,648.08 ($2,094.13). Insiders have bought a total of 2,600 shares of company stock worth $575,962 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

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.