Legal & General Group Plc (LON:LGEN) Receives GBX 276.86 Consensus PT from Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have received a consensus rating of “Reduce” from the seven brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 276.86.

A number of equities research analysts have weighed in on the company. Peel Hunt reaffirmed an “add” rating and set a GBX 320 target price on shares of Legal & General Group in a research report on Tuesday, August 4th. Royal Bank Of Canada restated an “underperform” rating and set a GBX 270 price target on shares of Legal & General Group in a research note on Wednesday, September 2nd. Berenberg Bank upped their price objective on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Citigroup cut shares of Legal & General Group to a “sell” rating and dropped their target price for the stock from GBX 251 to GBX 245 in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a research report on Thursday, August 13th.

Insider Transactions at Legal & General Group

In related news, insider Mark Jordy purchased 3,651 shares of Legal & General Group stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of GBX 290 per share, with a total value of £10,587.90. Over the last quarter, insiders acquired 11,056 shares of company stock worth $3,241,178. 0.61% of the stock is currently owned by company insiders.

Legal & General Group Price Performance

LGEN stock opened at GBX 297.80 on Tuesday. Legal & General Group has a 12 month low of GBX 217.20 and a 12 month high of GBX 318.10. The firm’s 50-day moving average is GBX 296.35 and its 200 day moving average is GBX 275.78. The company has a market capitalization of £16.15 billion, a PE ratio of 8.31, a P/E/G ratio of 2.34 and a beta of 0.79.

Legal & General Group (LON:LGEN) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Sell-side analysts forecast that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Legal & General Group Company Profile

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.