Legal & General Group (LON:LGEN) Earns Hold Rating from Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Thursday, MarketBeat reports. They currently have a GBX 255 ($3.25) price target on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Barclays lowered their price target on shares of Legal & General Group from GBX 336 ($4.28) to GBX 325 ($4.14) and set an overweight rating for the company in a report on Tuesday, February 20th. Royal Bank of Canada reiterated an outperform rating on shares of Legal & General Group in a report on Thursday, February 22nd. Finally, Berenberg Bank reiterated a buy rating and set a GBX 289 ($3.68) price target on shares of Legal & General Group in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of GBX 291.80 ($3.72).

Legal & General Group Stock Performance

Shares of LGEN opened at GBX 224.70 ($2.86) on Thursday. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51. The stock has a market cap of £13.44 billion, a P/E ratio of 3,210.00, a PEG ratio of 2.34 and a beta of 1.35. The company has a 50-day moving average of GBX 245.69 and a two-hundred day moving average of GBX 245.83. Legal & General Group has a 12-month low of GBX 203.10 ($2.59) and a 12-month high of GBX 259 ($3.30).

Insider Activity at Legal & General Group

In other Legal & General Group news, insider John Kingman acquired 7,978 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was bought at an average cost of GBX 251 ($3.20) per share, for a total transaction of £20,024.78 ($25,499.53). In other Legal & General Group news, insider John Kingman acquired 7,978 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was bought at an average cost of GBX 251 ($3.20) per share, for a total transaction of £20,024.78 ($25,499.53). Also, insider Henrietta Baldock bought 957 shares of Legal & General Group stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of GBX 254 ($3.23) per share, for a total transaction of £2,430.78 ($3,095.35). Over the last three months, insiders purchased 10,919 shares of company stock worth $2,732,050 and sold 324,303 shares worth $79,322,614. 0.85% of the stock is owned by insiders.

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.