Legal & General Group Plc (LON:LGEN) Receives GBX 279 Consensus Target Price from Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 279 ($3.64).

A number of analysts have recently commented on LGEN shares. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 245 ($3.20) price target on shares of Legal & General Group in a research report on Thursday, August 15th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 285 ($3.72) price target on shares of Legal & General Group in a research report on Wednesday, July 17th.

Legal & General Group Stock Performance

Legal & General Group stock opened at GBX 230.10 ($3.00) on Wednesday. The stock’s 50 day simple moving average is GBX 225.66 and its two-hundred day simple moving average is GBX 234.97. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12. The stock has a market cap of £13.44 billion, a price-to-earnings ratio of 4,602.00, a PEG ratio of 2.34 and a beta of 1.31. Legal & General Group has a fifty-two week low of GBX 203.10 ($2.65) and a fifty-two week high of GBX 259 ($3.38).

Legal & General Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd were given a dividend of GBX 6 ($0.08) per share. This represents a dividend yield of 2.77%. The ex-dividend date was Thursday, August 22nd. Legal & General Group’s payout ratio is 42,000.00%.

Insider Activity

In other Legal & General Group news, insider John Kingman acquired 726 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was purchased at an average price of GBX 226 ($2.95) per share, with a total value of £1,640.76 ($2,142.54). In other news, insider Ric Lewis bought 1,182 shares of the company’s stock in a transaction that occurred on Monday, September 2nd. The stock was bought at an average price of GBX 223 ($2.91) per share, with a total value of £2,635.86 ($3,441.97). Also, insider John Kingman acquired 726 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were bought at an average cost of GBX 226 ($2.95) per share, with a total value of £1,640.76 ($2,142.54). Insiders acquired a total of 2,966 shares of company stock valued at $671,002 in the last 90 days. Company insiders own 0.88% of the company’s stock.

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.