Brokerages Set Legal & General Group Plc (LON:LGEN) Price Target at GBX 251

Shares of Legal & General Group Plc (LON:LGEN) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 256.

A number of equities research analysts have commented on LGEN shares. Citigroup raised their price objective on Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Jefferies Financial Group downgraded shares of Legal & General Group to an “underperform” rating and set a GBX 185 target price for the company. in a research report on Tuesday, May 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday, May 1st. Finally, Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 255 price objective on shares of Legal & General Group in a report on Wednesday, July 29th.

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 302.50 on Monday. The company has a market capitalization of £16.56 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 2.34 and a beta of 0.79. Legal & General Group has a 1-year low of GBX 217.20 and a 1-year high of GBX 310. The company has a current ratio of 59.08, a quick ratio of 0.50 and a debt-to-equity ratio of 1,100.04. The stock’s fifty day simple moving average is GBX 285.22 and its 200-day simple moving average is GBX 268.33.

Insider Buying and Selling

In other Legal & General Group news, insider Mark Jordy purchased 3,683 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were bought at an average price of GBX 287 per share, for a total transaction of £10,570.21. Insiders have purchased 4,823 shares of company stock valued at $1,364,023 over the last ninety days. Insiders own 0.59% of the company’s stock.

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.