Legal & General Group (LON:LGEN) Given New GBX 270 Price Target at JPMorgan Chase & Co.

Legal & General Group (LON:LGEN) had its price target dropped by investment analysts at JPMorgan Chase & Co. from GBX 285 to GBX 270 in a report released on Thursday,London Stock Exchange reports. The firm presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 9.97% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Peel Hunt restated an “add” rating and set a GBX 320 price target on shares of Legal & General Group in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 185 price objective on shares of Legal & General Group in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on Legal & General Group from GBX 255 to GBX 270 and gave the company an “underperform” rating in a research note on Tuesday. Berenberg Bank increased their target price on Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Citigroup cut Legal & General Group to a “sell” rating and dropped their target price for the company from GBX 251 to GBX 245 in a report on Monday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of GBX 276.86.

Legal & General Group Stock Down 0.9%

LON:LGEN opened at GBX 299.90 on Thursday. The business’s 50-day moving average price is GBX 290.95 and its two-hundred day moving average price is GBX 270.72. Legal & General Group has a twelve month low of GBX 217.20 and a twelve month high of GBX 318.10. The stock has a market cap of £16.38 billion, a P/E ratio of 30.79, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, equities research analysts expect that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Insider Buying and Selling at Legal & General Group

In related news, insider Mark Jordy purchased 3,494 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of GBX 303 per share, for a total transaction of £10,586.82. In the last 90 days, insiders purchased 8,390 shares of company stock valued at $2,444,751. 0.61% of the stock is currently owned by company 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. 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.