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

Legal & General Group Plc (LON:LGEN) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 279 ($3.63).

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 245 ($3.19) price objective on shares of Legal & General Group in a research note on Thursday, August 15th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 285 ($3.71) price target on shares of Legal & General Group in a research report on Wednesday, July 17th.

Legal & General Group Stock Performance

LGEN opened at GBX 216.90 ($2.82) on Friday. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12. Legal & General Group has a 52-week low of GBX 211.40 ($2.75) and a 52-week high of GBX 259 ($3.37). The firm has a market cap of £12.67 billion, a P/E ratio of 4,338.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The business’s fifty day moving average is GBX 224.03 and its 200-day moving average is GBX 231.79.

Insiders Place Their Bets

In related news, insider John Kingman acquired 756 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of GBX 218 ($2.84) per share, with a total value of £1,648.08 ($2,145.38). In other news, insider John Kingman bought 756 shares of the stock in a transaction on Friday, November 1st. The stock was acquired at an average price of GBX 218 ($2.84) per share, with a total value of £1,648.08 ($2,145.38). Also, insider Ric Lewis purchased 1,182 shares of the business’s stock in a transaction dated Monday, September 2nd. The shares were purchased at an average cost of GBX 223 ($2.90) per share, for a total transaction of £2,635.86 ($3,431.22). Over the last 90 days, insiders acquired 2,664 shares of company stock valued at $592,470. 0.88% of the stock is currently owned by corporate insiders.

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.