Legal & General Group (LON:LGEN) Price Target Raised to GBX 270

Legal & General Group (LON:LGEN) had its price target hoisted by Royal Bank Of Canada from GBX 255 to GBX 270 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has an underperform rating on the financial services provider’s stock.

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

Legal & General Group Stock Down 1.1%

LON:LGEN opened at GBX 299.39 on Tuesday. The company has a fifty day simple moving average of GBX 291.56 and a two-hundred day simple moving average of GBX 271. The company has a market cap of £16.35 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. Legal & General Group has a 52 week low of GBX 217.20 and a 52 week high of GBX 318.10.

Legal & General Group (LON:LGEN) last announced 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 return on equity of 27.28% and a net margin of 0.91%. On average, analysts expect that Legal & General Group will post 24.2376446 EPS for the current year.

Insider Activity

In other news, insider Mark Jordy bought 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were purchased at an average price of GBX 287 per share, for a total transaction of £10,570.21. Insiders have purchased a total of 8,390 shares of company stock worth $2,444,751 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

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.