Legal & General Group Plc (LON:LGEN) Receives GBX 279 Consensus Target Price from Analysts

Shares of Legal & General Group Plc (LON:LGEN) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 279 ($3.62).

A number of brokerages have weighed in on LGEN. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 245 ($3.18) target price on shares of Legal & General Group in a report on Thursday, August 15th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 285 ($3.70) price objective on shares of Legal & General Group in a report on Wednesday, July 17th.

Insiders Place Their Bets

In related news, insider Ric Lewis bought 1,182 shares of the business’s stock in a transaction on Monday, September 2nd. The shares were purchased at an average cost of GBX 223 ($2.90) per share, with a total value of £2,635.86 ($3,422.31). In other Legal & General Group news, insider John Kingman acquired 726 shares of the stock in a transaction dated Tuesday, October 1st. The stock was purchased at an average cost of GBX 226 ($2.93) per share, with a total value of £1,640.76 ($2,130.30). Also, insider Ric Lewis acquired 1,182 shares of the stock in a transaction dated Monday, September 2nd. The stock was acquired at an average cost of GBX 223 ($2.90) per share, with a total value of £2,635.86 ($3,422.31). In the last three months, insiders have purchased 2,966 shares of company stock valued at $671,002. 0.88% of the stock is currently owned by company insiders.

Legal & General Group Trading Down 0.4 %

Shares of LGEN stock opened at GBX 225.70 ($2.93) on Wednesday. The stock’s fifty day moving average price is GBX 225.95 and its two-hundred day moving average price is GBX 234.31. The company has a market cap of £13.18 billion, a PE ratio of 4,530.00, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group has a fifty-two week low of GBX 203.10 ($2.64) and a fifty-two week high of GBX 259 ($3.36). The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12.

Legal & General Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 22nd were issued a dividend of GBX 6 ($0.08) per share. This represents a yield of 2.77%. The ex-dividend date was Thursday, August 22nd. Legal & General Group’s payout ratio is presently 42,000.00%.

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.