Legal & General Group Plc (LON:LGEN) Receives GBX 307.80 Average Price Target from Brokerages

Legal & General Group Plc (LON:LGEN) has received an average recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 307.80 ($3.87).

A number of research firms have commented on LGEN. Barclays decreased their price target on Legal & General Group from GBX 336 ($4.22) to GBX 325 ($4.08) and set an “overweight” rating on the stock in a research note on Tuesday, February 20th. Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.63) target price on shares of Legal & General Group in a research note on Friday, March 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Legal & General Group in a research note on Thursday, February 22nd.

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 252.80 ($3.18) on Tuesday. The company has a debt-to-equity ratio of 1,372.51, a quick ratio of 0.50 and a current ratio of 4.70. The firm has a market cap of £15.12 billion, a P/E ratio of 3,611.43, a P/E/G ratio of 2.34 and a beta of 1.34. The firm’s 50 day moving average price is GBX 247.62 and its 200-day moving average price is GBX 242.92. Legal & General Group has a one year low of GBX 203.10 ($2.55) and a one year high of GBX 259 ($3.25).

Legal & General Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be issued a dividend of GBX 14.63 ($0.18) per share. This is an increase from Legal & General Group’s previous dividend of $5.71. The ex-dividend date is Thursday, April 25th. This represents a yield of 5.96%. Legal & General Group’s dividend payout ratio is 28,571.43%.

Insider Activity

In other Legal & General Group news, insider António Simões sold 81,130 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.11), for a total value of £201,202.40 ($252,703.34). In other Legal & General Group news, insider Henrietta Baldock bought 958 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average price of GBX 254 ($3.19) per share, for a total transaction of £2,433.32 ($3,056.17). Also, insider António Simões sold 81,130 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.11), for a total transaction of £201,202.40 ($252,703.34). In the last quarter, insiders purchased 2,976 shares of company stock worth $729,534 and sold 324,303 shares worth $79,322,614. Company insiders own 0.85% 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.