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

Legal & General Group Plc (LON:LGEN) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 279 ($3.69).

A number of research firms recently commented on LGEN. Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.82) target price on shares of Legal & General Group in a research report on Wednesday, June 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 255 ($3.37) price objective on shares of Legal & General Group in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Legal & General Group from GBX 300 ($3.96) to GBX 275 ($3.63) and set a “buy” rating on the stock in a research note on Tuesday, June 18th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 285 ($3.76) price target on shares of Legal & General Group in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a GBX 245 ($3.24) price target on shares of Legal & General Group in a research note on Thursday, August 15th.

Insider Buying and Selling

In other news, insider Ric Lewis purchased 1,182 shares of the stock in a transaction dated Monday, September 2nd. The stock was acquired at an average cost of GBX 223 ($2.95) per share, for a total transaction of £2,635.86 ($3,481.98). In related news, insider Ric Lewis acquired 1,182 shares of Legal & General Group stock in a transaction dated Monday, September 2nd. The stock was acquired at an average price of GBX 223 ($2.95) per share, for a total transaction of £2,635.86 ($3,481.98). Also, insider Laura Wade-Gery purchased 926 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were purchased at an average price of GBX 230 ($3.04) per share, for a total transaction of £2,129.80 ($2,813.47). Over the last ninety days, insiders bought 3,166 shares of company stock worth $719,906. Insiders own 0.87% of the company’s stock.

Legal & General Group Trading Down 0.5 %

Shares of LON:LGEN opened at GBX 223.70 ($2.96) on Friday. The company has a market capitalization of £13.09 billion, a PE ratio of 4,474.00, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. Legal & General Group has a 12-month low of GBX 203.10 ($2.68) and a 12-month high of GBX 259 ($3.42). The business’s fifty day simple moving average is GBX 226.28 and its 200-day simple moving average is GBX 237.52.

Legal & General Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 22nd will be paid a GBX 6 ($0.08) dividend. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 22nd. Legal & General Group’s dividend payout ratio (DPR) is 42,000.00%.

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.