Legal & General Group Plc (LON:LGEN) Receives GBX 276.67 Average Target Price from Brokerages

Legal & General Group Plc (LON:LGENGet Free Report) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 276.67 ($3.45).

Several equities analysts have recently commented on LGEN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Legal & General Group from GBX 290 ($3.61) to GBX 295 ($3.68) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 265 ($3.30) target price on shares of Legal & General Group in a report on Thursday, December 5th.

Get Our Latest Stock Analysis on LGEN

Insider Transactions at Legal & General Group

In related news, insider Henrietta Baldock acquired 1,118 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of GBX 221 ($2.75) per share, for a total transaction of £2,470.78 ($3,079.24). Also, insider John Kingman bought 756 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of GBX 218 ($2.72) per share, with a total value of £1,648.08 ($2,053.94). Insiders have purchased 2,590 shares of company stock valued at $576,566 in the last quarter. Insiders own 0.88% of the company’s stock.

Legal & General Group Price Performance

LON:LGEN opened at GBX 235.10 ($2.93) on Friday. The company has a market cap of £13.73 billion, a P/E ratio of 4,702.00, a P/E/G ratio of 2.34 and a beta of 1.31. The stock’s 50-day simple moving average is GBX 227.33 and its 200 day simple moving average is GBX 226.13. Legal & General Group has a 52-week low of GBX 211.40 ($2.63) and a 52-week high of GBX 259 ($3.23). 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 Company Profile

(Get Free Report

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.

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Analyst Recommendations for Legal & General Group (LON:LGEN)

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