Legal & General Group’s (LGEN) Buy Rating Reiterated at Berenberg Bank

Legal & General Group (LON:LGEN)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 265 ($3.34) price objective on the financial services provider’s stock. Berenberg Bank’s target price would suggest a potential upside of 11.06% from the company’s previous close.

Several other equities analysts have also issued reports on LGEN. JPMorgan Chase & Co. lifted their target price on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the company an “overweight” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 267 ($3.37).

Legal & General Group Trading Up 0.5 %

LGEN stock traded up GBX 1.20 ($0.02) during trading on Monday, reaching GBX 238.60 ($3.01). The company had a trading volume of 13,250,822 shares, compared to its average volume of 17,666,875. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. Legal & General Group has a 52 week low of GBX 211.40 ($2.67) and a 52 week high of GBX 266.20 ($3.36). The business has a 50 day moving average of GBX 232.97 and a 200 day moving average of GBX 227.54. The company has a market cap of £13.98 billion, a P/E ratio of 44.05, a PEG ratio of 2.34 and a beta of 1.31.

Insider Buying and Selling at Legal & General Group

In related news, insider Henrietta Baldock acquired 1,046 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was acquired at an average price of GBX 236 ($2.98) per share, with a total value of £2,468.56 ($3,115.30). Also, insider John Kingman bought 716 shares of Legal & General Group stock in a transaction dated Thursday, January 2nd. The stock was purchased at an average cost of GBX 230 ($2.90) per share, for a total transaction of £1,646.80 ($2,078.24). Insiders purchased a total of 2,880 shares of company stock valued at $658,614 in the last three months. 0.88% of the stock is currently 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.