Legal & General Group (LON:LGEN) Price Target Cut to GBX 285 by Analysts at JPMorgan Chase & Co.

Legal & General Group (LON:LGEN) had its target price reduced by JPMorgan Chase & Co. from GBX 330 ($4.19) to GBX 285 ($3.62) in a report released on Monday morning, MarketBeat reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research firms have also recently commented on LGEN. Berenberg Bank reiterated a buy rating and issued a GBX 289 ($3.67) target price on shares of Legal & General Group in a research note on Wednesday, June 5th. Jefferies Financial Group restated a hold rating and set a GBX 255 ($3.23) price objective on shares of Legal & General Group in a research note on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Legal & General Group from GBX 300 ($3.81) to GBX 275 ($3.49) and set a buy rating for the company in a research note on Tuesday, June 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Legal & General Group has an average rating of Moderate Buy and a consensus price target of GBX 285.80 ($3.63).

Legal & General Group Stock Down 0.5 %

LGEN stock opened at GBX 226.30 ($2.87) on Monday. The firm has a 50 day moving average of GBX 242.21 and a 200 day moving average of GBX 245.52. The stock has a market capitalization of £13.53 billion, a PE ratio of 3,232.86, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51. Legal & General Group has a 52 week low of GBX 203.10 ($2.58) and a 52 week high of GBX 259 ($3.29).

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider John Kingman bought 7,978 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of GBX 251 ($3.18) per share, with a total value of £20,024.78 ($25,402.49). In other Legal & General Group news, insider John Kingman bought 7,978 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average price of GBX 251 ($3.18) per share, with a total value of £20,024.78 ($25,402.49). Also, insider Jeff Davies sold 22,267 shares of the company’s stock in a transaction on Saturday, April 13th. The stock was sold at an average price of GBX 248 ($3.15), for a total transaction of £55,222.16 ($70,052.21). Insiders acquired 10,919 shares of company stock valued at $2,732,050 over the last 90 days. 0.85% of the stock is currently owned by corporate 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.