Legal & General Group Plc (LON:LGEN) Receives Average Recommendation of “Hold” from Brokerages

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Legal & General Group Plc (LON:LGEN) has received a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 287.71 ($3.76).

Several research firms have recently weighed in on LGEN. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Legal & General Group in a research note on Monday, May 13th. Royal Bank of Canada raised their price objective on Legal & General Group from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company a “top pick” rating in a report on Thursday, July 25th. Credit Suisse Group raised their price objective on Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the company an “underperform” rating in a report on Monday, July 22nd. Barclays decreased their price target on Legal & General Group from GBX 339 ($4.43) to GBX 320 ($4.18) and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Deutsche Bank reduced their target price on Legal & General Group from GBX 310 ($4.05) to GBX 290 ($3.79) and set a “buy” rating on the stock in a research note on Tuesday.

In other Legal & General Group news, insider Henrietta Baldock acquired 711 shares of the stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of GBX 261 ($3.41) per share, with a total value of £1,855.71 ($2,424.81). Also, insider John Kingman purchased 649 shares of the stock in a transaction on Monday, June 3rd. The shares were purchased at an average cost of GBX 253 ($3.31) per share, with a total value of £1,641.97 ($2,145.52). Over the last quarter, insiders bought 2,934 shares of company stock worth $777,896.

LON LGEN traded down GBX 3.60 ($0.05) on Wednesday, reaching GBX 216.10 ($2.82). The company had a trading volume of 9,613,514 shares, compared to its average volume of 20,180,000. The stock has a market capitalization of $12.85 billion and a P/E ratio of 6.67. The company’s fifty day moving average is GBX 249.81 and its 200 day moving average is GBX 267.42. Legal & General Group has a 52-week low of GBX 218.45 ($2.85) and a 52-week high of GBX 292.30 ($3.82). The company has a quick ratio of 0.45, a current ratio of 1.45 and a debt-to-equity ratio of 51.72.

The firm also recently declared a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 15th will be issued a GBX 4.93 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 2.03%. Legal & General Group’s payout ratio is 0.52%.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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Analyst Recommendations for Legal & General Group (LON:LGEN)

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