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

Legal & General Group Plc (LON:LGEN) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 276.67 ($3.48).

LGEN has been the subject of a number of research reports. Berenberg Bank restated a “buy” rating and set a GBX 265 ($3.33) target price on shares of Legal & General Group in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their target price on Legal & General Group from GBX 290 ($3.65) to GBX 295 ($3.71) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Insider Activity

In other news, insider Henrietta Baldock purchased 1,118 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 221 ($2.78) per share, with a total value of £2,470.78 ($3,108.29). Also, insider John Kingman purchased 756 shares of Legal & General Group stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of GBX 218 ($2.74) per share, for a total transaction of £1,648.08 ($2,073.32). Over the last ninety days, insiders acquired 2,600 shares of company stock worth $575,962. Corporate insiders own 0.88% of the company’s stock.

Legal & General Group Trading Up 0.3 %

LGEN stock opened at GBX 226 ($2.84) on Monday. Legal & General Group has a one year low of GBX 211.40 ($2.66) and a one year high of GBX 259 ($3.26). The stock has a market cap of £13.20 billion, a price-to-earnings ratio of 4,520.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a fifty day moving average price of GBX 224.22 and a two-hundred day moving average price of GBX 226.80. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50.

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.