Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 274.41 and traded as high as GBX 289.30. Legal & General Group shares last traded at GBX 287.10, with a volume of 14,853,769 shares traded.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on LGEN shares. Citigroup lowered Legal & General Group to a "sell" rating and reduced their price objective for the company from GBX 251 to GBX 245 in a research note on Monday, August 10th. Royal Bank Of Canada reissued an "underperform" rating and issued a GBX 270 target price on shares of Legal & General Group in a report on Wednesday, September 2nd. Peel Hunt restated an "add" rating and issued a GBX 320 price target on shares of Legal & General Group in a research note on Tuesday, August 4th. Berenberg Bank lifted their price target on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of GBX 276.86.
View Our Latest Research Report on Legal & General Group
Legal & General Group Trading Down 0.2%
The firm has a market cap of £15.57 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The business has a 50-day moving average of GBX 295.85 and a two-hundred day moving average of GBX 274.41.
Legal & General Group (LON:LGEN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, equities analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Insider Activity
In other Legal & General Group news, insider Mark Jordy acquired 3,683 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of GBX 287 per share, for a total transaction of £10,570.21. Insiders purchased a total of 11,056 shares of company stock valued at $3,241,178 over the last three months. Corporate insiders own 0.61% of the company's stock.
About Legal & General Group
(
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.
Further Reading
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