Legal & General Group (LON:LGEN) Earns “Underperform” Rating from Royal Bank Of Canada

Legal & General Group (LON:LGEN)‘s stock had its “underperform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 270 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 6.64% from the company’s current price.

LGEN has been the subject of a number of other reports. Citigroup cut Legal & General Group to a “sell” rating and cut their price objective for the stock from GBX 251 to GBX 245 in a report on Monday, August 10th. JPMorgan Chase & Co. decreased their price objective on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a report on Thursday, August 13th. Peel Hunt restated an “add” rating and issued a GBX 320 target price on shares of Legal & General Group in a research report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 185 target price on shares of Legal & General Group in a research note on Wednesday, August 5th. Finally, Berenberg Bank increased their price target on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of GBX 276.86.

Legal & General Group Stock Performance

LON LGEN opened at GBX 289.20 on Wednesday. Legal & General Group has a 52-week low of GBX 217.20 and a 52-week high of GBX 318.10. The company has a market capitalization of £15.80 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.34 and a beta of 0.80. The company has a fifty day moving average of GBX 295.21 and a 200-day moving average of GBX 273.46.

Legal & General Group (LON:LGEN) last released its earnings results 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%. As a group, analysts forecast that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Insider Transactions at Legal & General Group

In related news, insider Mark Jordy purchased 3,683 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were acquired at an average cost of GBX 287 per share, with a total value of £10,570.21. In the last 90 days, insiders purchased 10,979 shares of company stock worth $3,218,925. 0.61% of the stock is 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.