Legal & General Group (LON:LGEN) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Legal & General Group shares crossed above its 200‑day moving average, trading as high as GBX 266 and last at GBX 263.56 on volume of about 18.9 million shares, with a 50‑day MA of GBX 255.36.
• Analyst sentiment is mixed: the consensus rating is "Hold" with a consensus price target of GBX 258.40, though recent upgrades include Berenberg raising its target to GBX 289 (buy) and Goldman Sachs to GBX 263 (neutral).
• Key fundamentals show a high valuation and leverage — market cap £14.84bn, P/E ~59.1 and debt‑to‑equity ~155.18 — alongside modest recent profitability (net margin 0.67%, ROE 7.79%).

Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 248.83 and traded as high as GBX 266. Legal & General Group shares last traded at GBX 263.56, with a volume of 18,899,037 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Berenberg Bank increased their target price on Legal & General Group from GBX 265 to GBX 289 and gave the stock a "buy" rating in a research report on Friday, October 10th. The Goldman Sachs Group upped their price target on Legal & General Group from GBX 249 to GBX 263 and gave the stock a "neutral" rating in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price objective on Legal & General Group from GBX 200 to GBX 210 and gave the company an "underperform" rating in a research report on Monday, November 3rd. Finally, Peel Hunt restated an "add" rating and set a GBX 255 target price on shares of Legal & General Group in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 258.40.

Legal & General Group Trading Up 1.1%

The firm's 50 day moving average price is GBX 255.36 and its 200-day moving average price is GBX 248.83. 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 £14.84 billion, a P/E ratio of 59.09, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, equities research analysts forecast that Legal & General Group Plc will post 24.2376446 earnings per share for the current year.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider António Simões sold 47,433 shares of the business's stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of GBX 262, for a total transaction of £124,274.46. Also, insider John Kingman bought 628 shares of the stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of GBX 262 per share, with a total value of £1,645.36. Insiders have bought a total of 11,205 shares of company stock worth $2,784,641 in the last ninety days. Corporate insiders own 0.57% of the company's stock.

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. 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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