Deutsche Bank Reaffirms “Buy” Rating for Legal & General Group (LGEN)

Deutsche Bank reiterated their buy rating on shares of Legal & General Group (LON:LGEN) in a report issued on Monday, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently weighed in on LGEN. Royal Bank of Canada reissued a top pick rating on shares of Legal & General Group in a research report on Tuesday, January 15th. Barclays reissued an overweight rating on shares of Legal & General Group in a research report on Monday, January 21st. BNP Paribas reissued an outperform rating on shares of Legal & General Group in a research report on Thursday, January 24th. Numis Securities reissued an add rating and issued a GBX 305 ($3.99) price target on shares of Legal & General Group in a research report on Monday, February 4th. Finally, JPMorgan Chase & Co. reissued an underweight rating on shares of Legal & General Group in a research report on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 299.64 ($3.92).

Shares of LGEN opened at GBX 272.70 ($3.56) on Monday. Legal & General Group has a 1-year low of GBX 221.80 ($2.90) and a 1-year high of GBX 292.30 ($3.82). The firm has a market capitalization of $16.20 billion and a P/E ratio of 8.91. The company has a debt-to-equity ratio of 57.19, a current ratio of 1.62 and a quick ratio of 0.59.

The firm also recently announced a dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, April 25th will be issued a GBX 11.82 ($0.15) dividend. This represents a dividend yield of 4.3%. This is a boost from Legal & General Group’s previous dividend of $4.60. The ex-dividend date of this dividend is Thursday, April 25th. Legal & General Group’s dividend payout ratio is presently 0.52%.

In other Legal & General Group news, insider John Kingman bought 587 shares of Legal & General Group stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of GBX 280 ($3.66) per share, with a total value of £1,643.60 ($2,147.65). Also, insider Toby Strauss bought 966 shares of Legal & General Group stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of GBX 284 ($3.71) per share, with a total value of £2,743.44 ($3,584.79). Over the last ninety days, insiders bought 1,929 shares of company stock valued at $542,856 and sold 902,172 shares valued at $260,718,288.

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

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