Shore Capital Reaffirms “Buy” Rating for Legal & General Group (LGEN)
Legal & General Group (LON:LGEN)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
LGEN has been the subject of a number of other research reports. Deutsche Bank reaffirmed a “buy” rating on shares of Legal & General Group in a research report on Monday, May 13th. JPMorgan Chase & Co. upgraded Legal & General Group to a “neutral” rating and lifted their price objective for the stock from GBX 239 ($3.12) to GBX 285 ($3.72) in a research note on Monday, March 18th. Numis Securities reiterated an “add” rating and issued a GBX 305 ($3.99) price objective on shares of Legal & General Group in a research note on Wednesday, March 6th. Royal Bank of Canada reiterated a “top pick” rating on shares of Legal & General Group in a research note on Monday, March 11th. Finally, Jefferies Financial Group lifted their price objective on Legal & General Group from GBX 273 ($3.57) to GBX 300 ($3.92) and gave the stock a “hold” rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 299.10 ($3.91).
Shares of LON:LGEN opened at GBX 256.60 ($3.35) on Friday. Legal & General Group has a fifty-two week low of GBX 221.80 ($2.90) and a fifty-two week high of GBX 292.30 ($3.82). The stock has a market capitalization of $15.23 billion and a price-to-earnings ratio of 8.39. The company has a quick ratio of 0.59, a current ratio of 1.62 and a debt-to-equity ratio of 57.19.
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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