Legal & General Group Plc (LON:LGEN) has received a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 279 ($3.65).
Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Legal & General Group from GBX 257 ($3.36) to GBX 271 ($3.54) and gave the stock a “hold” rating in a research note on Thursday, November 28th. HSBC reaffirmed a “hold” rating on shares of Legal & General Group in a research report on Friday, September 6th. Goldman Sachs Group upped their target price on shares of Legal & General Group from GBX 245 ($3.20) to GBX 260 ($3.40) and gave the company a “neutral” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. reduced their price target on shares of Legal & General Group from GBX 285 ($3.72) to GBX 269 ($3.51) and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, UBS Group restated a “sell” rating and issued a GBX 200 ($2.61) price target (down from GBX 215 ($2.81)) on shares of Legal & General Group in a research report on Thursday, September 5th.
In other news, insider George Lewis acquired 394 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of GBX 265 ($3.46) per share, for a total transaction of £1,044.10 ($1,364.30). Also, insider Kerrigan Procter sold 119,318 shares of the business’s stock in a transaction dated Sunday, November 17th. The stock was sold at an average price of GBX 277 ($3.62), for a total value of £330,510.86 ($431,870.98). In the last three months, insiders purchased 2,477 shares of company stock valued at $654,405.
LON:LGEN traded up GBX 6.90 ($0.09) during midday trading on Friday, reaching GBX 283.20 ($3.70). The stock had a trading volume of 6,526,392 shares, compared to its average volume of 20,180,000. The stock has a market capitalization of $16.88 billion and a P/E ratio of 8.74. Legal & General Group has a 1-year low of GBX 210.70 ($2.75) and a 1-year high of GBX 2,644 ($34.55). The company has a debt-to-equity ratio of 51.72, a current ratio of 1.45 and a quick ratio of 0.45. The firm’s fifty day simple moving average is GBX 273.67 and its 200-day simple moving average is GBX 258.46.
About Legal & General Group
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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