Legal & General Group (LON:LGEN) Given New GBX 263 Price Target at The Goldman Sachs Group

Legal & General Group (LON:LGEN) had its target price raised by equities researchers at The Goldman Sachs Group from GBX 249 to GBX 263 in a research report issued on Wednesday,Digital Look reports. The firm currently has a “neutral” rating on the financial services provider’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 0.64% from the company’s current price.

A number of other research analysts have also recently commented on the company. Berenberg Bank upped their price target on Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a research report on Friday, October 10th. Peel Hunt reiterated an “add” rating and issued a GBX 255 price objective on shares of Legal & General Group in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Legal & General Group presently has an average rating of “Hold” and a consensus target price of GBX 258.40.

Legal & General Group Stock Down 0.4%

LGEN stock traded down GBX 0.98 during trading on Wednesday, reaching GBX 261.32. The stock had a trading volume of 781,073,313 shares, compared to its average volume of 72,418,188. Legal & General Group has a one year low of GBX 206.80 and a one year high of GBX 269.40. The company’s 50 day moving average is GBX 252.62 and its two-hundred day moving average is GBX 248.40. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The company has a market capitalization of £14.71 billion, a price-to-earnings ratio of 58.59, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last issued its quarterly earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 EPS for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Equities research analysts forecast that Legal & General Group will post 24.2376446 EPS for the current year.

Insider Buying and Selling

In related news, insider Ric Lewis bought 868 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average cost of GBX 261 per share, for a total transaction of £2,265.48. Also, insider Laura Wade-Gery bought 957 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of GBX 261 per share, for a total transaction of £2,497.77. Insiders have purchased a total of 11,205 shares of company stock worth $2,784,641 in the last 90 days. 0.57% of the stock is currently owned by company 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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.