Legal & General Group (LON:LGEN - Get Free Report) had its price target cut by stock analysts at Royal Bank Of Canada from GBX 220 ($2.98) to GBX 200 ($2.71) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm currently has an "underperform" rating on the financial services provider's stock. Royal Bank Of Canada's price objective would suggest a potential downside of 23.95% from the company's current price.
Legal & General Group Stock Performance
Shares of LON:LGEN traded up GBX 3.70 ($0.05) on Tuesday, reaching GBX 263 ($3.56). 15,964,841 shares of the company's stock were exchanged, compared to its average volume of 20,294,695. The firm has a market capitalization of £15.41 billion, a price-to-earnings ratio of 48.55, a PEG ratio of 2.34 and a beta of 1.31. Legal & General Group has a fifty-two week low of GBX 206.80 ($2.80) and a fifty-two week high of GBX 266.20 ($3.60). The business's 50-day moving average is GBX 255.10 and its two-hundred day moving average is GBX 245.76. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18.
Legal & General Group (LON:LGEN - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 ($0.06) earnings per share for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. As a group, equities research analysts forecast that Legal & General Group will post 24.2376446 EPS for the current year.
Insider Activity
In related news, insider Jeff Davies sold 186,737 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of GBX 260 ($3.52), for a total transaction of £485,516.20 ($656,901.91). Also, insider Clare Bousfield acquired 1,241 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of GBX 251 ($3.40) per share, for a total transaction of £3,114.91 ($4,214.46). Insiders have acquired 32,240 shares of company stock valued at $8,241,637 over the last quarter. Corporate insiders own 0.88% 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.
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