Legal & General Group (LON:LGEN) Earns "Add" Rating from Peel Hunt

Key Points

• Peel Hunt has reaffirmed an "add" rating for Legal & General Group (LON:LGEN) with a price target of GBX 255, indicating a potential upside of 5.11% from its current stock price.
• Other analysts have varying ratings, with Berenberg Bank upgrading its target to GBX 289 and Royal Bank of Canada maintaining an "underperform" rating with a target of GBX 200.
• Insider trading activity includes purchases by individuals such as Ric Lewis and Mark Jordy, who bought shares at around GBX 247, indicating insider confidence in the company's prospects.

Legal & General Group (LON:LGEN - Get Free Report)'s stock had its "add" rating reissued by equities researchers at Peel Hunt in a report released on Wednesday,Digital Look reports. They presently have a GBX 255 price objective on the financial services provider's stock. Peel Hunt's price target points to a potential upside of 5.11% from the company's current price.

LGEN has been the subject of several other reports. Berenberg Bank boosted their price objective on shares of Legal & General Group from GBX 265 to GBX 289 and gave the company a "buy" rating in a research report on Friday, October 10th. Royal Bank Of Canada restated an "underperform" rating and set a GBX 200 price objective on shares of Legal & General Group in a report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. cut Legal & General Group to a "neutral" rating and lowered their target price for the stock from GBX 290 to GBX 275 in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Legal & General Group currently has an average rating of "Moderate Buy" and an average price target of GBX 254.75.

Legal & General Group Trading Up 0.5%

Shares of LGEN traded up GBX 1.20 during mid-day trading on Wednesday, reaching GBX 242.60. 32,326,074 shares of the company's stock traded hands, compared to its average volume of 20,235,180. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. The stock's 50-day moving average is GBX 244.43 and its two-hundred day moving average is GBX 245.78. Legal & General Group has a 12 month low of GBX 206.80 and a 12 month high of GBX 266.20. The stock has a market cap of £13.66 billion, a P/E ratio of 5,439.46, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Research analysts forecast that Legal & General Group will post 24.2376446 earnings per share for the current fiscal year.

Insider Transactions at Legal & General Group

In other news, insider Ric Lewis bought 1,105 shares of the stock in a transaction on Monday, September 1st. The stock was bought at an average cost of GBX 247 per share, for a total transaction of £2,729.35. Also, insider Mark Jordy purchased 1,027 shares of Legal & General Group stock in a transaction dated Monday, September 1st. The shares were acquired at an average cost of GBX 247 per share, for a total transaction of £2,536.69. Over the last 90 days, insiders have bought 6,694 shares of company stock worth $1,676,204. 0.57% of the stock is owned by corporate insiders.

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.

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