Legal & General Group (LON:LGEN - Get Free Report) had its price target dropped by research analysts at JPMorgan Chase & Co. from GBX 285 to GBX 270 in a research report issued on Thursday,London Stock Exchange reports. The brokerage currently has an "underweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 9.97% from the stock's current price.
A number of other analysts have also commented on the company. Berenberg Bank boosted their target price on Legal & General Group from GBX 353 to GBX 385 and gave the company a "buy" rating in a research report on Thursday, August 6th. Peel Hunt restated an "add" rating and set a GBX 320 price objective on shares of Legal & General Group in a report on Tuesday, August 4th. Citigroup lowered Legal & General Group to a "sell" rating and lowered their target price for the stock from GBX 251 to GBX 245 in a research report on Monday. Royal Bank Of Canada increased their target price on Legal & General Group from GBX 255 to GBX 270 and gave the stock an "underperform" rating in a report on Tuesday. Finally, Jefferies Financial Group reissued an "underperform" rating and issued a GBX 185 price target on shares of Legal & General Group in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of GBX 276.86.
Get Our Latest Stock Report on Legal & General Group
Legal & General Group Trading Down 0.9%
Shares of LGEN opened at GBX 299.90 on Thursday. The company has a market capitalization of £16.38 billion, a PE ratio of 30.79, a PEG ratio of 2.34 and a beta of 0.80. Legal & General Group has a 12 month low of GBX 217.20 and a 12 month high of GBX 318.10. The stock'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 (LON:LGEN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Equities research analysts predict that Legal & General Group will post 24.2376446 EPS for the current fiscal year.
Insider Transactions at Legal & General Group
In other Legal & General Group news, insider Mark Jordy bought 3,494 shares of Legal & General Group stock in a transaction dated Monday, August 3rd. The stock was purchased at an average price of GBX 303 per share, for a total transaction of £10,586.82. Insiders acquired 8,390 shares of company stock valued at $2,444,751 over the last three months. Company insiders own 0.61% of the company's stock.
About Legal & General Group
(
Get Free Report)
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.
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