Legal & General Group’s (LGEN) Add Rating Reiterated at Peel Hunt

Legal & General Group (LON:LGEN)‘s stock had its “add” rating restated by stock analysts at Peel Hunt in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 320 price objective on the financial services provider’s stock. Peel Hunt’s price target would suggest a potential upside of 5.49% from the stock’s previous close.

A number of other brokerages have also recently commented on LGEN. Citigroup upped their target price on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Berenberg Bank reiterated a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a research note on Friday, May 1st. Jefferies Financial Group downgraded shares of Legal & General Group to an “underperform” rating and set a GBX 185 price objective for the company. in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 255 price objective on shares of Legal & General Group in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 265.29.

Legal & General Group Price Performance

Shares of LON:LGEN opened at GBX 303.35 on Tuesday. The firm’s 50 day moving average price is GBX 285.87 and its 200-day moving average price is GBX 268.62. Legal & General Group has a twelve month low of GBX 217.20 and a twelve month high of GBX 310. The company has a quick ratio of 0.50, a current ratio of 59.08 and a debt-to-equity ratio of 1,100.04. The stock has a market capitalization of £16.61 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79.

Insider Transactions at Legal & General Group

In other news, insider Mark Jordy bought 3,494 shares of Legal & General Group stock in a transaction that occurred on Monday, August 3rd. The stock was bought at an average cost of GBX 303 per share, with a total value of £10,586.82. Over the last ninety days, insiders have purchased 8,317 shares of company stock valued at $2,422,705. Corporate 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.