Shares of Legal & General Group Plc (LON:LGEN) have earned an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 274 ($3.58).
A number of research firms recently issued reports on LGEN. JPMorgan Chase & Co. lowered their target price on Legal & General Group from GBX 285 ($3.72) to GBX 269 ($3.51) and set a “neutral” rating on the stock in a research report on Monday, September 16th. HSBC reaffirmed a “hold” rating on shares of Legal & General Group in a research report on Friday, September 6th. UBS Group reaffirmed a “sell” rating and issued a GBX 200 ($2.61) target price (down previously from GBX 215 ($2.81)) on shares of Legal & General Group in a research report on Thursday, September 5th. Credit Suisse Group lifted their target price on Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the company an “underperform” rating in a research report on Monday, July 22nd. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Legal & General Group in a research report on Tuesday, September 3rd.
In other Legal & General Group news, insider George Lewis purchased 394 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average price of GBX 265 ($3.46) per share, with a total value of £1,044.10 ($1,364.30). Also, insider Toby Strauss purchased 1,104 shares of the stock in a transaction on Tuesday, October 1st. The shares were acquired at an average cost of GBX 249 ($3.25) per share, for a total transaction of £2,748.96 ($3,592.00). In the last ninety days, insiders purchased 2,740 shares of company stock worth $653,788.
Shares of Legal & General Group stock traded up GBX 0.20 ($0.00) during trading on Monday, reaching GBX 271.60 ($3.55). The stock had a trading volume of 8,181,080 shares, compared to its average volume of 20,180,000. The company has a market capitalization of $16.28 billion and a price-to-earnings ratio of 8.38. The stock has a fifty day moving average price of GBX 260.37 and a two-hundred day moving average price of GBX 258.45. Legal & General Group has a 52 week low of GBX 210.70 ($2.75) and a 52 week high of GBX 2,644 ($34.55). The company has a current ratio of 1.45, a quick ratio of 0.45 and a debt-to-equity ratio of 51.72.
Legal & General Group Company Profile
Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.
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