Brokerages Set Legal & General Group Plc (LON:LGEN) Price Target at GBX 276.67

Legal & General Group Plc (LON:LGEN) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is GBX 276.67 ($3.44).

A number of equities research analysts have issued reports on LGEN shares. JPMorgan Chase & Co. upped their price target on shares of Legal & General Group from GBX 290 ($3.60) to GBX 295 ($3.67) and gave the company an “overweight” rating in a report on Friday, December 6th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 265 ($3.29) target price on shares of Legal & General Group in a report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock purchased 1,118 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.75) per share, with a total value of £2,470.78 ($3,070.44). Also, insider John Kingman purchased 716 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were acquired at an average price of GBX 230 ($2.86) per share, with a total value of £1,646.80 ($2,046.48). In the last quarter, insiders have bought 2,590 shares of company stock valued at $576,566. 0.88% of the stock is owned by corporate insiders.

Legal & General Group Price Performance

LON LGEN opened at GBX 229.10 ($2.85) on Monday. Legal & General Group has a 1 year low of GBX 211.40 ($2.63) and a 1 year high of GBX 259 ($3.22). The company has a fifty day simple moving average of GBX 224.32 and a 200 day simple moving average of GBX 226.22. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. The company has a market cap of £13.38 billion, a P/E ratio of 4,582.00, a P/E/G ratio of 2.34 and a beta of 1.31.

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.