Legal & General Group (LON:LGEN) Rating Lowered to Neutral at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. downgraded Legal & General Group to a "neutral" rating with a target price of GBX 275 ($3.71), down from GBX 290 ($3.92).
• Royal Bank Of Canada also reduced its target price for the company from GBX 220 ($2.97) to GBX 200 ($2.70) and assigned an "underperform" rating.
• Legal & General Group's stock traded down to GBX 259.30 ($3.50) with a market cap of £15.20 billion and a P/E ratio of 47.87.

JPMorgan Chase & Co. lowered shares of Legal & General Group (LON:LGEN - Free Report) to a neutral rating in a report released on Wednesday morning, Marketbeat reports. They currently have GBX 275 ($3.71) price objective on the financial services provider's stock, down from their previous price objective of GBX 290 ($3.92).

Separately, Royal Bank Of Canada cut their target price on Legal & General Group from GBX 220 ($2.97) to GBX 200 ($2.70) and set an "underperform" rating on the stock in a research report on Tuesday, August 12th.

Legal & General Group Trading Down 1.4%

LON:LGEN traded down GBX 3.80 ($0.05) during mid-day trading on Wednesday, reaching GBX 258.70 ($3.49). The company's stock had a trading volume of 16,034,530 shares, compared to its average volume of 20,230,699. 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 has a market cap of £15.16 billion, a P/E ratio of 47.76, a P/E/G ratio of 2.34 and a beta of 1.31. The company's fifty day simple moving average is GBX 255.24 and its two-hundred day simple moving average is GBX 246.15. Legal & General Group has a twelve month low of GBX 206.80 ($2.79) and a twelve month high of GBX 266.20 ($3.60).

Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 ($0.06) earnings per share for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, equities analysts predict that Legal & General Group will post 24.2376446 EPS for the current year.

Insider Activity

In other Legal & General Group news, insider John Kingman bought 643 shares of the business's stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of GBX 255 ($3.44) per share, with a total value of £1,639.65 ($2,214.85). Also, insider Laura Wade-Gery bought 973 shares of Legal & General Group stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of GBX 256 ($3.46) per share, for a total transaction of £2,490.88 ($3,364.69). In the last 90 days, insiders have acquired 32,240 shares of company stock worth $8,241,637. Insiders own 0.88% of the company's stock.

Legal & General Group Company Profile

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.