Legal & General Group Plc (LON:LGEN - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 282.25 and traded as high as GBX 297.90. Legal & General Group shares last traded at GBX 295.80, with a volume of 32,352,428 shares.
Analysts Set New Price Targets
A number of research firms have issued reports on LGEN. Peel Hunt restated an "add" rating and set a GBX 320 target price on shares of Legal & General Group in a research report on Tuesday, August 4th. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 185 target price on shares of Legal & General Group in a report on Wednesday, August 5th. Berenberg Bank boosted 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. Royal Bank Of Canada reissued an "underperform" rating and issued a GBX 270 target price on shares of Legal & General Group in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating for the company in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Legal & General Group has a consensus rating of "Reduce" and an average target price of GBX 276.86.
Read Our Latest Stock Report on LGEN
Legal & General Group Price Performance
The stock's 50-day moving average price is GBX 293.30 and its 200 day moving average price is GBX 282.25. The firm has a market cap of £15.88 billion, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81.
Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, analysts forecast that Legal & General Group Plc will post 24.24 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Mark Jordy acquired 3,671 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was bought at an average price of GBX 288 per share, with a total value of £10,572.48. Insiders have acquired a total of 11,042 shares of company stock valued at $3,240,907 in the last ninety days. Company insiders own 0.59% 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.
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