Legal & General Group Plc (LON:LGEN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 272.27 and traded as high as GBX 292. Legal & General Group shares last traded at GBX 288.53, with a volume of 2,100,543,000 shares traded.
Analysts Set New Price Targets
A number of research firms have recently issued reports on LGEN. Berenberg Bank increased their target price on Legal & General Group from GBX 353 to GBX 385 and gave the company a "buy" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lowered their price objective on shares of Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating for the company in a research report on Thursday, August 13th. Citigroup cut shares of Legal & General Group to a "sell" rating and reduced their target price for the stock from GBX 251 to GBX 245 in a research report on Monday, August 10th. Peel Hunt restated an "add" rating and issued a GBX 320 target price on shares of Legal & General Group in a research note on Tuesday, August 4th. Finally, Royal Bank Of Canada upped their price objective on shares of Legal & General Group from GBX 255 to GBX 270 and gave the company an "underperform" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Legal & General Group presently has a consensus rating of "Reduce" and a consensus target price of GBX 276.86.
View Our Latest Report on LGEN
Legal & General Group Trading Down 3.2%
The company has a 50-day moving average of GBX 294.17 and a 200-day moving average of GBX 272.27. The firm has a market capitalization of £15.76 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80.
Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, 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 Mark Jordy acquired 3,683 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 287 per share, with a total value of £10,570.21. Over the last ninety days, insiders have bought 8,390 shares of company stock valued at $2,444,751. Insiders own 0.61% of the company's stock.
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. 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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