Legal & General Group (LON:LGEN) Receives “Underperform” Rating from Royal Bank Of Canada

Legal & General Group (LON:LGEN)‘s stock had its “underperform” rating reiterated by analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 270 price objective on the financial services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 6.64% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Peel Hunt reissued an “add” rating and set a GBX 320 target price on shares of Legal & General Group in a research note on Tuesday, August 4th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 185 price target on shares of Legal & General Group in a report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price objective on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a research report on Thursday, August 13th. Citigroup cut shares of Legal & General Group to a “sell” rating and dropped their target price for the stock from GBX 251 to GBX 245 in a research report on Monday, August 10th. Finally, Berenberg Bank lifted their target price on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Legal & General Group presently has a consensus rating of “Reduce” and a consensus price target of GBX 276.86.

Legal & General Group Price Performance

Shares of LON:LGEN opened at GBX 289.20 on Wednesday. Legal & General Group has a 1 year low of GBX 217.20 and a 1 year high of GBX 318.10. The company has a market cap of £15.80 billion, a PE ratio of 29.69, a P/E/G ratio of 2.34 and a beta of 0.80. The stock’s 50-day moving average is GBX 295.21 and its 200 day moving average is GBX 273.46.

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

Insider Activity at Legal & General Group

In other news, insider Mark Jordy purchased 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average cost of GBX 287 per share, for a total transaction of £10,570.21. In the last three months, insiders purchased 10,979 shares of company stock valued at $3,218,925. Company insiders own 0.61% 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.