Legal & General Group’s (LGEN) “Under Review” Rating Reaffirmed at Shore Capital
LGEN has been the subject of a number of other research reports. Barclays upped their target price on Legal & General Group from GBX 311 ($4.05) to GBX 317 ($4.13) and gave the company an overweight rating in a report on Friday, September 7th. Citigroup upped their target price on Legal & General Group from GBX 306 ($3.99) to GBX 308 ($4.01) and gave the company a buy rating in a report on Wednesday, May 30th. Royal Bank of Canada upgraded Legal & General Group to a top pick rating in a report on Monday, July 9th. Credit Suisse Group reiterated an underperform rating and issued a GBX 240 ($3.13) price objective (down previously from GBX 254 ($3.31)) on shares of Legal & General Group in a report on Friday, August 17th. Finally, Deutsche Bank reiterated a hold rating and issued a GBX 305 ($3.97) price objective on shares of Legal & General Group in a report on Friday, May 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Legal & General Group has an average rating of Hold and a consensus target price of GBX 286 ($3.73).
Shares of Legal & General Group stock traded down GBX 0.10 ($0.00) during midday trading on Thursday, reaching GBX 253.20 ($3.30). 4,959,961 shares of the company’s stock traded hands, compared to its average volume of 20,180,000. Legal & General Group has a 12 month low of GBX 241.65 ($3.15) and a 12 month high of GBX 279.90 ($3.65).
In related news, insider Carolyn Bradley bought 669 shares of the business’s stock in a transaction dated Monday, September 3rd. The shares were purchased at an average cost of GBX 257 ($3.35) per share, with a total value of £1,719.33 ($2,239.59). Also, insider John Kingman bought 1,458 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was bought at an average cost of GBX 262 ($3.41) per share, for a total transaction of £3,819.96 ($4,975.85). Over the last three months, insiders bought 2,778 shares of company stock worth $725,142.
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), and General Insurance (GI) segments. The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages.
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