Legal & General Group Plc (LGEN) Receives Average Rating of “Hold” from Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have been given an average rating of “Hold” by the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 263.27 ($3.70).

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Legal & General Group in a research report on Thursday, November 16th. Deutsche Bank reissued a “hold” rating on shares of Legal & General Group in a report on Wednesday, November 8th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Legal & General Group in a report on Thursday, November 16th. Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a report on Wednesday, January 17th. Finally, Shore Capital reissued a “buy” rating on shares of Legal & General Group in a report on Wednesday, December 6th.

In other news, insider Toby Strauss purchased 950 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average cost of GBX 264 ($3.71) per share, with a total value of £2,508 ($3,521.98). Also, insider John Kingman acquired 1,282 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were bought at an average price of GBX 273 ($3.83) per share, with a total value of £3,499.86 ($4,914.84). Insiders acquired 2,842 shares of company stock worth $764,876 over the last ninety days.

Shares of Legal & General Group (LON LGEN) traded down GBX 3.70 ($0.05) during trading hours on Tuesday, hitting GBX 272.60 ($3.83). 8,550,000 shares of the stock were exchanged, compared to its average volume of 12,300,000. The stock has a market capitalization of $16,240.00 and a price-to-earnings ratio of 1,048.46. Legal & General Group has a fifty-two week low of GBX 231.60 ($3.25) and a fifty-two week high of GBX 279.90 ($3.93).

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Legal & General Group Company Profile

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

Analyst Recommendations for Legal & General Group (LON:LGEN)

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