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 276.07 and traded as high as GBX 301.40. Legal & General Group shares last traded at GBX 299.36, with a volume of 15,981,780 shares.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on LGEN. Peel Hunt restated an "add" rating and set a GBX 320 price objective on shares of Legal & General Group in a report on Tuesday, August 4th. Berenberg Bank increased their target price on Legal & General Group from GBX 353 to GBX 385 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 185 price target on shares of Legal & General Group in a research note on Wednesday, August 5th. Royal Bank Of Canada restated an "underperform" rating and issued a GBX 270 price target on shares of Legal & General Group in a report on Wednesday, September 2nd. Finally, Citigroup downgraded shares of Legal & General Group to a "sell" rating and dropped their price objective for the company from GBX 251 to GBX 245 in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Legal & General Group currently has a consensus rating of "Reduce" and an average price target of GBX 276.86.
Get Our Latest Research Report on Legal & General Group
Legal & General Group Stock Up 0.9%
The stock has a market cap of £16.24 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 2.34 and a beta of 0.79. The stock has a fifty day moving average of GBX 296.53 and a two-hundred day moving average of GBX 276.07.
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 return on equity of 27.28% and a net margin of 0.91%. Equities research analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.
Insider Activity
In other Legal & General Group news, insider Mark Jordy acquired 3,651 shares of the company's stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of GBX 290 per share, with a total value of £10,587.90. Insiders have acquired a total of 11,056 shares of company stock valued at $3,241,178 over the last ninety days. 0.61% of the stock is owned by corporate insiders.
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.
Further Reading
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