Legal & General Group Plc (LON:LGEN) Given Average Rating of “Hold” by Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have been given an average rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 251.

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a research report on Friday, May 1st. Jefferies Financial Group cut Legal & General Group to an “underperform” rating and set a GBX 185 price target on the stock. in a report on Tuesday, May 5th. Finally, Citigroup raised their price objective on Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a research note on Tuesday, June 9th.

Legal & General Group Stock Down 0.3%

LGEN stock opened at GBX 298.75 on Monday. The company has a current ratio of 59.08, a quick ratio of 0.50 and a debt-to-equity ratio of 1,100.04. The company’s 50-day moving average price is GBX 282.09 and its 200 day moving average price is GBX 267.16. Legal & General Group has a 52 week low of GBX 217.20 and a 52 week high of GBX 310. The company has a market cap of £16.35 billion, a P/E ratio of 30.67, a P/E/G ratio of 2.34 and a beta of 0.79.

Insider Transactions at Legal & General Group

In other news, insider Mark Jordy purchased 3,683 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average price of GBX 287 per share, with a total value of £10,570.21. Also, insider John Kingman purchased 650 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of GBX 253 per share, with a total value of £1,644.50. Insiders purchased a total of 8,519 shares of company stock worth $2,299,198 over the last ninety days. 0.59% of the stock is currently owned by company insiders.

About Legal & General Group

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.