Legal & General Group’s (LON:LGEN) “Sell” Rating Reiterated at UBS Group

Legal & General Group (LON:LGEN)‘s stock had its “sell” rating reiterated by UBS Group in a research report issued to clients and investors on Thursday, September 5th, ThisIsMoney.Co.Uk reports. They presently have a GBX 200 ($2.61) target price on the financial services provider’s stock, down from their previous target price of GBX 215 ($2.81). UBS Group’s target price suggests a potential downside of 21.20% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group increased their target price on shares of Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Shore Capital reiterated a “buy” rating on shares of Legal & General Group in a research note on Thursday, June 6th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Legal & General Group in a research note on Monday, May 13th. Barclays increased their target price on shares of Legal & General Group from GBX 320 ($4.18) to GBX 331 ($4.33) and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Finally, Deutsche Bank reissued a “buy” rating on shares of Legal & General Group in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 293.33 ($3.83).

LON LGEN opened at GBX 253.80 ($3.32) on Thursday. Legal & General Group has a 1 year low of GBX 214.90 ($2.81) and a 1 year high of GBX 292.30 ($3.82). The company has a market capitalization of $15.10 billion and a PE ratio of 7.83. The company has a fifty day moving average of GBX 237.24 and a two-hundred day moving average of GBX 264.71. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.45 and a quick ratio of 0.45.

In other Legal & General Group news, insider Toby Strauss acquired 1,242 shares of the company’s stock in a transaction dated Monday, September 2nd. The stock was acquired at an average cost of GBX 221 ($2.89) per share, with a total value of £2,744.82 ($3,586.59). Also, insider Henrietta Baldock bought 711 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average price of GBX 261 ($3.41) per share, for a total transaction of £1,855.71 ($2,424.81). Over the last ninety days, insiders acquired 3,527 shares of company stock valued at $888,181.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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Analyst Recommendations for Legal & General Group (LON:LGEN)

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