Legal & General Group (LON:LGEN) Price Target Raised to GBX 295

Legal & General Group (LON:LGEN) had its target price hoisted by JPMorgan Chase & Co. from GBX 290 ($3.70) to GBX 295 ($3.76) in a research note published on Friday morning, Marketbeat reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on LGEN. Berenberg Bank restated a “buy” rating and issued a GBX 265 ($3.38) price objective on shares of Legal & General Group in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a GBX 245 ($3.12) price target on shares of Legal & General Group in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Legal & General Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 276.67 ($3.53).

Legal & General Group Stock Performance

LON:LGEN opened at GBX 237.50 ($3.03) on Friday. The company has a market capitalization of £13.87 billion, a price-to-earnings ratio of 4,750.00, a PEG ratio of 2.34 and a beta of 1.31. The business has a 50 day moving average of GBX 223.37 and a 200 day moving average of GBX 229.12. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50. Legal & General Group has a 1-year low of GBX 211.40 ($2.69) and a 1-year high of GBX 259 ($3.30).

Insider Activity

In other news, insider John Kingman purchased 726 shares of Legal & General Group stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average cost of GBX 226 ($2.88) per share, with a total value of £1,640.76 ($2,090.94). Also, insider Henrietta Baldock acquired 1,118 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.82) per share, with a total value of £2,470.78 ($3,148.69). In the last 90 days, insiders have purchased 2,600 shares of company stock valued at $575,962. 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.