Legal & General Group Plc (LON:LGEN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 246.81 ($3.33) and traded as high as GBX 256 ($3.46). Legal & General Group shares last traded at GBX 255 ($3.44), with a volume of 38,023,695 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on LGEN shares. Royal Bank Of Canada dropped their price objective on shares of Legal & General Group from GBX 220 to GBX 200 and set an "underperform" rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut shares of Legal & General Group to a "neutral" rating and lowered 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 assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 246.67.
Check Out Our Latest Report on Legal & General Group
Legal & General Group Stock Performance
The stock has a market capitalization of £14.01 billion, a price-to-earnings ratio of 8,673.08, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The stock's 50-day simple moving average is GBX 255.32 and its 200 day simple moving average is GBX 246.97.
Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. Analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.
Insider Activity at Legal & General Group
In related news, insider George Lewis bought 3,761 shares of Legal & General Group stock in a transaction dated Thursday, June 5th. The shares were bought at an average cost of GBX 256 per share, for a total transaction of £9,628.16. Also, insider Jeff Davies sold 186,737 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of GBX 260, for a total transaction of £485,516.20. Insiders acquired 32,240 shares of company stock valued at $8,241,637 in the last three months. 0.57% of the stock is currently owned by corporate insiders.
Legal & General Group Company Profile
(
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.
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