Shares of Legal & General Group Plc (LON:LGEN – Get Free Report) reached a new 52-week low on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 300 to GBX 275. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Legal & General Group traded as low as GBX 2.27 ($0.03) and last traded at GBX 228.30 ($2.90), with a volume of 55357871 shares trading hands. The stock had previously closed at GBX 226.80 ($2.88).
Other equities analysts also recently issued reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 289 ($3.67) price objective on shares of Legal & General Group in a research report on Wednesday, June 5th. Barclays reduced their price objective on Legal & General Group from GBX 336 ($4.27) to GBX 325 ($4.13) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a report on Thursday, February 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 255 ($3.24) price target on shares of Legal & General Group in a report on Thursday, June 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 287.80 ($3.66).
Read Our Latest Analysis on LGEN
Insider Activity
Legal & General Group Price Performance
The stock’s 50 day simple moving average is GBX 244.23 and its 200-day simple moving average is GBX 245.80. The firm has a market cap of £13.60 billion, a price-to-earnings ratio of 3,250.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company has a debt-to-equity ratio of 1,372.51, a quick ratio of 0.50 and a current ratio of 4.70.
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.
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