Legal & General Group (LON:LGEN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Legal & General Group Plc (LON:LGEN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 225.93 ($2.75) and traded as high as GBX 234.90 ($2.86). Legal & General Group shares last traded at GBX 233.90 ($2.85), with a volume of 13,747,356 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 265 ($3.22) price target on shares of Legal & General Group in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their target price on Legal & General Group from GBX 290 ($3.53) to GBX 295 ($3.59) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 276.67 ($3.37).

Legal & General Group Trading Up 0.6 %

The stock has a market cap of £13.66 billion, a PE ratio of 4,678.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The firm has a 50-day moving average price of GBX 225.64 and a 200-day moving average price of GBX 225.93. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12.

Insider Buying and Selling at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock purchased 1,118 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.69) per share, for a total transaction of £2,470.78 ($3,006.18). Also, insider John Kingman acquired 716 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were acquired at an average cost of GBX 230 ($2.80) per share, for a total transaction of £1,646.80 ($2,003.65). In the last ninety days, insiders bought 2,590 shares of company stock worth $576,566. 0.88% of the stock is owned by corporate 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.