Legal & General Group Plc (LON:LGEN)’s share price traded down 0% during mid-day trading on Tuesday . The company traded as low as GBX 251.40 ($3.52) and last traded at GBX 254.60 ($3.57). 33,526,457 shares were traded during trading, an increase of 164% from the average session volume of 12,720,000 shares. The stock had previously closed at GBX 254.60 ($3.57).
A number of equities analysts have recently issued reports on the stock. Deutsche Bank reiterated a “hold” rating and set a GBX 305 ($4.28) price objective on shares of Legal & General Group in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 218 ($3.06) price objective on shares of Legal & General Group in a research note on Thursday, December 7th. Barclays increased their price objective on shares of Legal & General Group from GBX 279 ($3.91) to GBX 294 ($4.12) and gave the company an “overweight” rating in a research note on Monday, December 11th. Citigroup upgraded shares of Legal & General Group to a “buy” rating and set a GBX 296 ($4.15) price objective on the stock in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Legal & General Group in a research note on Wednesday, January 17th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Legal & General Group presently has an average rating of “Hold” and a consensus price target of GBX 267.71 ($3.75).
The firm has a market cap of $15,290.00 and a P/E ratio of 976.92.
In related news, insider John Kingman acquired 1,282 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average cost of GBX 273 ($3.83) per share, for a total transaction of £3,499.86 ($4,907.26). Also, insider Toby Strauss acquired 950 shares of the stock in a transaction dated Friday, December 1st. The shares were bought at an average price of GBX 264 ($3.70) per share, with a total value of £2,508 ($3,516.55). Insiders have bought 3,159 shares of company stock valued at $852,003 over the last quarter.
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About Legal & General Group
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).
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