Legal & General Group (LON:LGEN) Stock Rating Reaffirmed by UBS Group

Legal & General Group (LON:LGEN)‘s stock had its “sell” rating reiterated by UBS Group in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 210 ($2.76) target price on the financial services provider’s stock, up from their previous target price of GBX 200 ($2.63). UBS Group’s target price indicates a potential downside of 25.93% from the company’s previous close.

LGEN has been the topic of a number of other reports. Jefferies Financial Group raised their price target on shares of Legal & General Group from GBX 257 ($3.38) to GBX 271 ($3.56) and gave the company a “hold” rating in a research note on Thursday, November 28th. Barclays boosted their price objective on Legal & General Group from GBX 331 ($4.35) to GBX 343 ($4.51) and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Goldman Sachs Group increased their target price on Legal & General Group from GBX 245 ($3.22) to GBX 260 ($3.42) and gave the company a “neutral” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. decreased their target price on Legal & General Group from GBX 285 ($3.75) to GBX 269 ($3.54) and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, HSBC reaffirmed a “hold” rating on shares of Legal & General Group in a research note on Friday, September 6th. Two 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 assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 287.70 ($3.78).

LGEN stock opened at GBX 283.50 ($3.73) on Tuesday. The stock has a market capitalization of $17.00 billion and a P/E ratio of 8.75. The firm has a 50-day simple moving average of GBX 274.51 and a 200-day simple moving average of GBX 258.68. The company has a quick ratio of 0.45, a current ratio of 1.45 and a debt-to-equity ratio of 51.72. Legal & General Group has a 52 week low of GBX 210.70 ($2.77) and a 52 week high of GBX 2,644 ($34.78).

In other Legal & General Group news, insider Toby Strauss acquired 979 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was bought at an average price of GBX 281 ($3.70) per share, for a total transaction of £2,750.99 ($3,618.77). Also, insider Kerrigan Procter sold 119,318 shares of the stock in a transaction dated Sunday, November 17th. The shares were sold at an average price of GBX 277 ($3.64), for a total transaction of £330,510.86 ($434,768.30). Insiders have purchased 2,477 shares of company stock worth $654,405 over the last 90 days.

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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