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

Shares of Legal & General Group Plc (LON:LGEN) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 276.67 ($3.53).

A number of equities analysts have issued reports on LGEN shares. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a report on Friday. Berenberg Bank reiterated a “buy” rating and set a GBX 265 ($3.38) price objective on shares of Legal & General Group in a report on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 245 ($3.12) target price on shares of Legal & General Group in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. upped their price target on Legal & General Group from GBX 290 ($3.70) to GBX 295 ($3.76) and gave the stock an “overweight” rating in a research report on Friday.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider John Kingman bought 756 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of GBX 218 ($2.78) per share, with a total value of £1,648.08 ($2,100.80). Also, insider Henrietta Baldock purchased 1,118 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 221 ($2.82) per share, for a total transaction of £2,470.78 ($3,149.50). Insiders purchased a total of 2,600 shares of company stock worth $575,962 over the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Legal & General Group Stock Down 0.6 %

Legal & General Group stock opened at GBX 236 ($3.01) on Thursday. Legal & General Group has a twelve month low of GBX 211.40 ($2.69) and a twelve month high of GBX 259 ($3.30). The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64. The company has a 50 day moving average of GBX 223.57 and a 200-day moving average of GBX 229.06. The stock has a market capitalization of £13.78 billion, a PE ratio of 4,720.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

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.