Legal & General Group (LGEN) Sets New 52-Week Low at $227.90
Legal & General Group Plc (LON:LGEN) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 227.90 ($2.98) and last traded at GBX 228.70 ($2.99), with a volume of 15279024 shares traded. The stock had previously closed at GBX 241.60 ($3.16).
LGEN has been the topic of a number of recent analyst reports. Shore Capital restated an “under review” rating on shares of Legal & General Group in a research note on Monday, October 8th. Barclays upped their price target on shares of Legal & General Group from GBX 311 ($4.06) to GBX 317 ($4.14) and gave the company an “overweight” rating in a research note on Friday, September 7th. Credit Suisse Group restated an “underperform” rating on shares of Legal & General Group in a research note on Thursday, August 23rd. Royal Bank of Canada restated a “top pick” rating on shares of Legal & General Group in a research note on Monday, October 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 334 ($4.36) price target on shares of Legal & General Group in a research note on Tuesday, August 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 284.75 ($3.72).
In other Legal & General Group news, insider John Kingman acquired 1,399 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were acquired at an average cost of GBX 250 ($3.27) per share, with a total value of £3,497.50 ($4,570.10). Also, insider Carolyn Bradley acquired 653 shares of the company’s stock in a transaction dated Monday, October 1st. The stock was acquired at an average cost of GBX 263 ($3.44) per share, for a total transaction of £1,717.39 ($2,244.07). Insiders bought a total of 3,151 shares of company stock worth $796,239 over the last ninety days.
About Legal & General Group (LON:LGEN)
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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