Legal & General Group (LON:LGEN) Earns “Buy” Rating from Deutsche Bank
Deutsche Bank reissued their buy rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Legal & General Group in a research note on Monday, May 13th. Barclays cut their target price on Legal & General Group from GBX 339 ($4.43) to GBX 320 ($4.18) and set an overweight rating on the stock in a research note on Thursday, August 8th. UBS Group reaffirmed a sell rating and set a GBX 215 ($2.81) target price (down previously from GBX 225 ($2.94)) on shares of Legal & General Group in a research note on Thursday, August 8th. Credit Suisse Group lifted their target price on Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the company an underperform rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada lifted their target price on Legal & General Group from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company a top pick rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 293.33 ($3.83).
Shares of Legal & General Group stock opened at GBX 231.10 ($3.02) on Tuesday. The business’s fifty day moving average price is GBX 241.11 and its two-hundred day moving average price is GBX 265.57. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.45 and a quick ratio of 0.45. The company has a market capitalization of $13.84 billion and a P/E ratio of 7.13. Legal & General Group has a 1-year low of GBX 214.90 ($2.81) and a 1-year high of GBX 292.30 ($3.82).
In other news, insider Toby Strauss acquired 1,242 shares of the company’s stock in a transaction dated Monday, September 2nd. The shares were bought at an average price of GBX 221 ($2.89) per share, with a total value of £2,744.82 ($3,586.59). Also, insider John Kingman acquired 1,574 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was purchased at an average cost of GBX 272 ($3.55) per share, for a total transaction of £4,281.28 ($5,594.25). Insiders bought a total of 3,527 shares of company stock worth $888,181 in the last three months.
Legal & General Group Company Profile
Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.
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