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

Legal & General Group Plc (LON:LGEN) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 267 ($3.37).

Several research analysts recently commented 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. upped their target price on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.73) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.35) target price on shares of Legal & General Group in a report on Thursday, December 5th.

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 238.10 ($3.01) on Tuesday. Legal & General Group has a 52 week low of GBX 211.40 ($2.67) and a 52 week high of GBX 266.20 ($3.36). The firm has a 50 day moving average of GBX 232.80 and a two-hundred day moving average of GBX 227.52. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The stock has a market capitalization of £13.95 billion, a PE ratio of 43.96, a P/E/G ratio of 2.34 and a beta of 1.31.

Insider Transactions at Legal & General Group

In related news, insider John Kingman purchased 716 shares of Legal & General Group stock in a transaction that occurred on Thursday, January 2nd. The stock was purchased at an average cost of GBX 230 ($2.91) per share, with a total value of £1,646.80 ($2,080.61). Also, insider Henrietta Baldock acquired 1,118 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of GBX 221 ($2.79) per share, for a total transaction of £2,470.78 ($3,121.64). In the last 90 days, insiders have acquired 2,880 shares of company stock valued at $658,614. 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.