Legal & General Group (LON:LGEN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Legal & General Group Plc (LON:LGEN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 225.93 ($2.75) and traded as high as GBX 234.90 ($2.86). Legal & General Group shares last traded at GBX 233.90 ($2.85), with a volume of 13,747,356 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on LGEN shares. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. JPMorgan Chase & Co. boosted their target price on shares of Legal & General Group from GBX 290 ($3.53) to GBX 295 ($3.59) and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 265 ($3.22) target price on shares of Legal & General Group in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 276.67 ($3.37).

Legal & General Group Stock Performance

The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50. The company’s fifty day simple moving average is GBX 225.64 and its two-hundred day simple moving average is GBX 225.93. The stock has a market cap of £13.66 billion, a price-to-earnings ratio of 4,678.00, a P/E/G ratio of 2.34 and a beta of 1.31.

Insiders Place Their Bets

In other news, insider John Kingman bought 716 shares of the stock in a transaction dated Thursday, January 2nd. The stock was bought at an average price of GBX 230 ($2.80) per share, for a total transaction of £1,646.80 ($2,003.65). Also, insider Henrietta Baldock bought 1,118 shares of the stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.69) per share, with a total value of £2,470.78 ($3,006.18). Over the last 90 days, insiders have acquired 2,590 shares of company stock worth $576,566. Insiders own 0.88% of the company’s stock.

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.