Legal & General Group (LON:LGEN) Given "Underperform" Rating at Royal Bank Of Canada

Key Points

• Legal & General Group's stock has been given an "underperform" rating by Royal Bank Of Canada with a price target of GBX 200, indicating a potential downside of 16.77% from its previous close.
• JPMorgan Chase & Co. has downgraded the stock to a "neutral" rating, lowering their target price from GBX 290 to GBX 275.
• Insider Jeff Davies sold 186,737 shares at an average price of GBX 260, while insider Laura Wade-Gery acquired shares at GBX 247, highlighting recent trading activity among company insiders.

Legal & General Group (LON:LGEN - Get Free Report)'s stock had its "underperform" rating reiterated by research analysts at Royal Bank Of Canada in a research report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 200 price objective on the financial services provider's stock. Royal Bank Of Canada's target price suggests a potential downside of 16.77% from the stock's previous close.

Separately, JPMorgan Chase & Co. downgraded Legal & General Group to a "neutral" rating and cut their target price for the company from GBX 290 to GBX 275 in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 246.67.

Legal & General Group Trading Down 2.1%

LON:LGEN opened at GBX 240.29 on Tuesday. The company's 50 day moving average price is GBX 255.19 and its 200-day moving average price is GBX 247.08. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group has a 52 week low of GBX 206.80 and a 52 week high of GBX 266.20. The stock has a market cap of £13.58 billion, a price-to-earnings ratio of 8,401.75, a PEG ratio of 2.34 and a beta of 1.31.

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

Insider Activity at Legal & General Group

In related news, insider Jeff Davies sold 186,737 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of GBX 260, for a total transaction of £485,516.20. Also, insider Laura Wade-Gery acquired 1,013 shares of Legal & General Group stock in a transaction that occurred on Monday, September 1st. The shares were purchased at an average price of GBX 247 per share, with a total value of £2,502.11. Insiders have bought 33,261 shares of company stock valued at $8,482,672 in the last 90 days. 0.57% of the stock is owned by company 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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