Legal & General Group Plc (LON:LGEN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 291.80 ($3.71).

LGEN has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Barclays decreased their price target on shares of Legal & General Group from GBX 336 ($4.27) to GBX 325 ($4.13) and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Berenberg Bank reiterated a “buy” rating and set a GBX 289 ($3.67) price objective on shares of Legal & General Group in a research report on Wednesday, June 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 255 ($3.24) price objective on shares of Legal & General Group in a research report on Thursday, June 13th.

Legal & General Group Trading Up 0.8 %

Legal & General Group stock opened at GBX 229.52 ($2.92) on Thursday. 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 £13.73 billion, a price-to-earnings ratio of 3,251.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. Legal & General Group has a 1 year low of GBX 203.10 ($2.58) and a 1 year high of GBX 259 ($3.29). The firm’s 50 day moving average price is GBX 245.19 and its two-hundred day moving average price is GBX 245.94.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider António Simões sold 81,130 shares of Legal & General Group stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.15), for a total transaction of £201,202.40 ($255,657.43). In other Legal & General Group news, insider John Kingman acquired 7,978 shares of Legal & General Group stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of GBX 251 ($3.19) per share, with a total value of £20,024.78 ($25,444.45). Also, insider António Simões sold 81,130 shares of Legal & General Group stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of GBX 248 ($3.15), for a total transaction of £201,202.40 ($255,657.43). In the last quarter, insiders purchased 10,919 shares of company stock valued at $2,732,050 and sold 324,303 shares valued at $79,322,614. Company insiders own 0.85% of the company’s stock.

Legal & General Group Company Profile

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.