Legal & General Group (LGEN) Given Hold Rating at Deutsche Bank

Legal & General Group (LON:LGEN)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a report issued on Tuesday, February 6th. They currently have a GBX 305 ($4.21) price target on the financial services provider’s stock. Deutsche Bank’s price objective suggests a potential upside of 20.22% from the stock’s previous close.

A number of other research firms also recently weighed in on LGEN. Royal Bank of Canada restated an “outperform” rating on shares of Legal & General Group in a research note on Wednesday, January 17th. Numis Securities upgraded Legal & General Group to an “add” rating and set a GBX 305 ($4.21) price target for the company in a research note on Friday, November 3rd. Barclays reduced their target price on Legal & General Group from GBX 294 ($4.06) to GBX 290 ($4.01) and set an “overweight” rating for the company in a research note on Thursday, February 1st. Citigroup reiterated a “buy” rating on shares of Legal & General Group in a research note on Thursday, November 16th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Legal & General Group in a research note on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 267.71 ($3.70).

Legal & General Group (LGEN) opened at GBX 253.71 ($3.51) on Tuesday. The stock has a market capitalization of $15,130.00 and a PE ratio of 975.81. Legal & General Group has a fifty-two week low of GBX 241.05 ($3.33) and a fifty-two week high of GBX 279.90 ($3.87).

In other news, insider Toby Strauss acquired 950 shares of Legal & General Group stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average price of GBX 264 ($3.65) per share, for a total transaction of £2,508 ($3,465.05). Also, insider John Kingman acquired 1,282 shares of Legal & General Group stock in a transaction that occurred on Tuesday, January 2nd. The shares were purchased at an average price of GBX 273 ($3.77) per share, for a total transaction of £3,499.86 ($4,835.40). In the last quarter, insiders bought 3,159 shares of company stock worth $852,003.

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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).

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

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