Legal & General Group Plc (LON:LGEN) Receives Average Rating of “Moderate Buy” from Brokerages

Legal & General Group Plc (LON:LGEN) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 276.67 ($3.44).

LGEN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.29) target price on shares of Legal & General Group in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Legal & General Group from GBX 290 ($3.60) to GBX 295 ($3.66) and gave the stock an “overweight” rating in a report on Friday, December 6th.

Legal & General Group Price Performance

Shares of Legal & General Group stock opened at GBX 229 ($2.84) on Monday. The firm has a market capitalization of £13.37 billion, a PE ratio of 4,580.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. Legal & General Group has a 12 month low of GBX 211.40 ($2.63) and a 12 month high of GBX 259 ($3.22). The business’s 50-day moving average price is GBX 224.32 and its 200-day moving average price is GBX 226.22.

Insiders Place Their Bets

In other Legal & General Group news, insider Henrietta Baldock acquired 1,118 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.75) per share, with a total value of £2,470.78 ($3,069.29). Also, insider John Kingman purchased 716 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average cost of GBX 230 ($2.86) per share, for a total transaction of £1,646.80 ($2,045.71). Insiders purchased a total of 2,590 shares of company stock worth $576,566 over the last quarter. 0.88% of the stock is currently owned by corporate insiders.

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.