Legal & General Group Plc (LON:LGEN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 267 ($3.37).

Several analysts have weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 265 ($3.34) price objective on shares of Legal & General Group in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider John Kingman acquired 716 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were acquired at an average cost of GBX 230 ($2.90) per share, for a total transaction of £1,646.80 ($2,078.24). Also, insider Henrietta Baldock acquired 1,118 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 221 ($2.79) per share, for a total transaction of £2,470.78 ($3,118.10). Over the last three months, insiders have purchased 2,880 shares of company stock worth $658,614. Corporate insiders own 0.88% of the company’s stock.

Legal & General Group Price Performance

Shares of Legal & General Group stock opened at GBX 237.11 ($2.99) on Tuesday. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The stock has a market capitalization of £13.90 billion, a price-to-earnings ratio of 43.77, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group has a 1-year low of GBX 211.40 ($2.67) and a 1-year high of GBX 266.20 ($3.36). The firm’s 50-day moving average price is GBX 232.97 and its two-hundred day moving average price is GBX 227.54.

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.