Legal & General Group Plc (LON:LGEN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 273.07 and traded as high as GBX 298.34. Legal & General Group shares last traded at GBX 292.39, with a volume of 55,988,844 shares traded.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on LGEN. JPMorgan Chase & Co. dropped 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. Peel Hunt reaffirmed an "add" rating and set a GBX 320 price target on shares of Legal & General Group in a research report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 185 price target on shares of Legal & General Group in a research report on Wednesday, August 5th. Berenberg Bank increased their price target on Legal & General Group from GBX 353 to GBX 385 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Citigroup lowered Legal & General Group to a "sell" rating and cut their price objective for the company from GBX 251 to GBX 245 in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Legal & General Group presently has an average rating of "Reduce" and a consensus target price of GBX 276.86.
Check Out Our Latest Report on Legal & General Group
Legal & General Group Stock Performance
The stock has a fifty day simple moving average of GBX 295.02 and a two-hundred day simple moving average of GBX 273.07. The stock has a market cap of £15.97 billion, a PE ratio of 30.02, a PEG ratio of 2.34 and a beta of 0.80.
Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, equities analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.
Insider Transactions at Legal & General Group
In other news, insider Mark Jordy purchased 3,494 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were purchased at an average price of GBX 303 per share, with a total value of £10,586.82. Over the last quarter, insiders have acquired 8,390 shares of company stock worth $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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