Legal & General Group (LON:LGEN - Get Free Report) had its target price dropped by research analysts at Royal Bank Of Canada from GBX 220 ($2.98) to GBX 200 ($2.71) in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has an "underperform" rating on the financial services provider's stock. Royal Bank Of Canada's price target suggests a potential downside of 23.81% from the stock's current price.
Legal & General Group Stock Performance
LON:LGEN traded down GBX 0.50 ($0.01) during trading hours on Tuesday, hitting GBX 262.50 ($3.56). 14,379,488 shares of the company traded hands, compared to its average volume of 20,257,256. The stock has a market capitalization of £15.38 billion, a price-to-earnings ratio of 48.46, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group has a twelve month low of GBX 206.80 ($2.80) and a twelve month high of GBX 266.20 ($3.61). The firm has a 50-day moving average of GBX 255.22 and a 200 day moving average of GBX 245.95. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18.
Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported GBX 4.48 ($0.06) earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, analysts forecast that Legal & General Group will post 24.2376446 EPS for the current year.
Insiders Place Their Bets
In other news, insider Laura Wade-Gery bought 973 shares of the stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of GBX 256 ($3.47) per share, with a total value of £2,490.88 ($3,376.09). Also, insider Ric Lewis bought 1,030 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of GBX 256 ($3.47) per share, for a total transaction of £2,636.80 ($3,573.87). Insiders have purchased 32,240 shares of company stock worth $8,241,637 in the last quarter. 0.88% of the stock is owned by corporate insiders.
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.
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