Legal & General Group Plc (LON:LGEN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Legal & General Group Plc (LON:LGEN) have received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 279 ($3.74).

A number of research firms have recently issued reports on LGEN. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 285 ($3.82) target price on shares of Legal & General Group in a report on Wednesday, July 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 245 ($3.28) price objective on shares of Legal & General Group in a report on Thursday, August 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 289 ($3.87) price objective on shares of Legal & General Group in a report on Wednesday, June 5th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 255 ($3.41) price objective on shares of Legal & General Group in a report on Thursday, June 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Legal & General Group from GBX 300 ($4.02) to GBX 275 ($3.68) and set a “buy” rating for the company in a report on Tuesday, June 18th.

Legal & General Group Price Performance

Legal & General Group stock opened at GBX 225.60 ($3.02) on Friday. Legal & General Group has a 52-week low of GBX 203.10 ($2.72) and a 52-week high of GBX 259 ($3.47). The firm has a market capitalization of £13.18 billion, a price-to-earnings ratio of 4,512.00, a PEG ratio of 2.34 and a beta of 1.31. The company has a fifty day simple moving average of GBX 225.99 and a 200-day simple moving average of GBX 237.26. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64.

Legal & General Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 22nd will be paid a dividend of GBX 6 ($0.08) per share. This represents a yield of 2.77%. The ex-dividend date of this dividend is Thursday, August 22nd. Legal & General Group’s dividend payout ratio (DPR) is presently 42,000.00%.

Insiders Place Their Bets

In other Legal & General Group news, insider Ric Lewis purchased 1,182 shares of Legal & General Group stock in a transaction dated Monday, September 2nd. The shares were acquired at an average price of GBX 223 ($2.99) per share, with a total value of £2,635.86 ($3,529.54). In other Legal & General Group news, insider Henrietta Baldock purchased 1,058 shares of Legal & General Group stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of GBX 230 ($3.08) per share, with a total value of £2,433.40 ($3,258.44). Also, insider Ric Lewis bought 1,182 shares of Legal & General Group stock in a transaction that occurred on Monday, September 2nd. The stock was purchased at an average cost of GBX 223 ($2.99) per share, for a total transaction of £2,635.86 ($3,529.54). Insiders purchased a total of 3,166 shares of company stock valued at $719,906 over the last 90 days. 0.87% of the stock is owned by company insiders.

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.