Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 246.81 ($3.34) and traded as high as GBX 256 ($3.47). Legal & General Group shares last traded at GBX 255 ($3.45), with a volume of 38,023,695 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on LGEN. JPMorgan Chase & Co. lowered Legal & General Group to a "neutral" rating and reduced their price target for the company from GBX 290 to GBX 275 in a report on Wednesday, August 13th. Royal Bank Of Canada reduced their price target on Legal & General Group from GBX 220 to GBX 200 and set an "underperform" rating for the company in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 246.67.
Get Our Latest Stock Report on LGEN
Legal & General Group Price Performance
The stock has a 50 day moving average of GBX 255.19 and a two-hundred day moving average of GBX 247.08. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The firm has a market capitalization of £13.86 billion, a P/E ratio of 8,579.69, a P/E/G ratio of 2.34 and a beta of 1.31.
Legal & General Group (LON:LGEN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Sell-side analysts predict that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Legal & General Group news, insider George Lewis purchased 3,761 shares of the company's stock in a transaction on Thursday, June 5th. The shares were bought at an average cost of GBX 256 per share, with a total value of £9,628.16. Also, insider John Kingman purchased 10,121 shares of the company's stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of GBX 256 per share, for a total transaction of £25,909.76. Insiders purchased 33,261 shares of company stock worth $8,482,672 in the last three months. 0.57% of the stock is owned by insiders.
About Legal & General Group
(
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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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