Legal & General Group Plc (LON:LGEN) Receives Average Recommendation of “Moderate Buy” from Analysts

Legal & General Group Plc (LON:LGEN) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 276.67 ($3.44).

Several equities research analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 265 ($3.30) price target on shares of Legal & General Group in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Legal & General Group from GBX 290 ($3.61) to GBX 295 ($3.67) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In other Legal & General Group news, insider Henrietta Baldock bought 1,118 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of GBX 221 ($2.75) per share, with a total value of £2,470.78 ($3,074.26). Also, insider John Kingman purchased 756 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of GBX 218 ($2.71) per share, with a total value of £1,648.08 ($2,050.62). Insiders have acquired a total of 2,590 shares of company stock valued at $576,566 in the last three months. Company insiders own 0.88% of the company’s stock.

Legal & General Group Stock Up 0.4 %

Shares of Legal & General Group stock opened at GBX 235.72 ($2.93) on Friday. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. Legal & General Group has a 1 year low of GBX 211.40 ($2.63) and a 1 year high of GBX 259 ($3.22). The stock has a 50-day moving average price of GBX 227.64 and a 200 day moving average price of GBX 226.17. The company has a market cap of £13.77 billion, a P/E ratio of 4,714.40, a P/E/G ratio of 2.34 and a beta of 1.31.

About Legal & General Group

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.