Legal & General Group Plc (LON:LGEN) Given Average Rating of “Hold” by Analysts

Shares of Legal & General Group Plc (LON:LGEN) have been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 573.71.

A number of research firms recently issued reports on LGEN. Jefferies Financial Group downgraded shares of Legal & General Group to an “underperform” rating and set a GBX 185 price objective for the company. in a report on Tuesday, May 5th. Citigroup boosted their target price on shares of Legal & General Group from GBX 2,490 to GBX 2,510 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. Royal Bank Of Canada increased their target price on shares of Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a research report on Monday, March 23rd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a report on Friday, May 1st.

Legal & General Group Trading Up 1.0%

LON LGEN opened at GBX 289.30 on Thursday. The stock has a market capitalization of £15.88 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.34 and a beta of 0.81. Legal & General Group has a one year low of GBX 217.20 and a one year high of GBX 302.30. The company has a debt-to-equity ratio of 1,100.04, a current ratio of 59.08 and a quick ratio of 0.50. The business’s fifty day moving average is GBX 268.56 and its 200-day moving average is GBX 262.79.

Legal & General Group announced that its board has initiated a share buyback program on Wednesday, March 11th that permits the company to repurchase 0 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Legal & General Group

In other news, insider Ric Lewis purchased 931 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of GBX 253 per share, with a total value of £2,355.43. Also, insider Andrew Kail sold 204,858 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of GBX 271, for a total value of £555,165.18. Over the last 90 days, insiders purchased 8,441 shares of company stock valued at $2,276,812. 0.59% of the stock is currently owned by 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. 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.