Shares of Legal & General Group Plc (LON:LGEN) have earned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 263.19 ($3.64).
A number of research analysts have issued reports on the stock. Citigroup reissued a “buy” rating and set a GBX 306 ($4.23) price objective on shares of Legal & General Group in a research report on Monday. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 218 ($3.01) price objective on shares of Legal & General Group in a research report on Thursday, December 7th. Deutsche Bank boosted their price objective on shares of Legal & General Group from GBX 270 ($3.73) to GBX 305 ($4.21) and gave the company a “hold” rating in a research report on Thursday, January 4th. Barclays boosted their price objective on shares of Legal & General Group from GBX 279 ($3.85) to GBX 294 ($4.06) and gave the company an “overweight” rating in a research report on Monday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Legal & General Group in a research report on Wednesday, January 17th.
In other Legal & General Group news, insider Toby Strauss bought 950 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of GBX 264 ($3.65) per share, for a total transaction of £2,508 ($3,465.05). Also, insider John Kingman bought 1,282 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were acquired at an average price of GBX 273 ($3.77) per share, for a total transaction of £3,499.86 ($4,835.40). In the last 90 days, insiders have bought 3,159 shares of company stock worth $852,003.
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About Legal & General Group
Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).
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