Legal & General Group (LON:LGEN) Given “Add” Rating at Peel Hunt

Legal & General Group (LON:LGEN)‘s stock had its “add” rating restated by research analysts at Peel Hunt in a report issued on Tuesday,Digital Look reports. They currently have a GBX 320 target price on the financial services provider’s stock. Peel Hunt’s target price suggests a potential upside of 5.49% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Citigroup boosted their price objective on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Berenberg Bank restated a “buy” rating and set a GBX 308 target price on shares of Legal & General Group in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 255 target price on shares of Legal & General Group in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group cut Legal & General Group to an “underperform” rating and set a GBX 185 price objective for the company. in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 265.29.

Legal & General Group Price Performance

Shares of Legal & General Group stock opened at GBX 303.35 on Tuesday. The firm has a market cap of £16.61 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The company’s fifty day simple moving average is GBX 285.87 and its two-hundred day simple moving average is GBX 268.62. The company has a quick ratio of 0.50, a current ratio of 59.08 and a debt-to-equity ratio of 1,100.04. Legal & General Group has a 12-month low of GBX 217.20 and a 12-month high of GBX 310.

Insiders Place Their Bets

In related news, insider Mark Jordy purchased 3,683 shares of Legal & General Group stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average cost of GBX 287 per share, for a total transaction of £10,570.21. Over the last ninety days, insiders bought 8,317 shares of company stock valued at $2,422,705. 0.59% of the stock is currently owned by 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.