Legal & General Group (LON:LGEN) Receives Buy Rating from Berenberg Bank

Legal & General Group (LON:LGEN)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a GBX 265 ($3.37) price target on the financial services provider’s stock. Berenberg Bank’s price target suggests a potential upside of 11.53% from the stock’s current price.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 245 ($3.11) price objective on shares of Legal & General Group in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 275 ($3.49).

Legal & General Group Stock Performance

LON:LGEN opened at GBX 237.60 ($3.02) on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. The firm has a market capitalization of £13.88 billion, a price-to-earnings ratio of 4,752.00, a PEG ratio of 2.34 and a beta of 1.31. The firm’s fifty day simple moving average is GBX 222.79 and its 200 day simple moving average is GBX 229.24. Legal & General Group has a twelve month low of GBX 211.40 ($2.69) and a twelve month high of GBX 259 ($3.29).

Insider Activity at Legal & General Group

In other Legal & General Group news, insider John Kingman acquired 726 shares of Legal & General Group stock in a transaction dated Tuesday, October 1st. The stock was bought at an average cost of GBX 226 ($2.87) per share, with a total value of £1,640.76 ($2,084.83). Also, insider Henrietta Baldock purchased 1,118 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average cost of GBX 221 ($2.81) per share, with a total value of £2,470.78 ($3,139.49). In the last 90 days, insiders bought 2,600 shares of company stock worth $575,962. 0.88% of the stock is owned by corporate insiders.

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.