Legal & General Group (LON:LGEN) Stock Price Expected to Rise, Berenberg Bank Analyst Says

Legal & General Group (LON:LGEN) had its target price increased by research analysts at Berenberg Bank from GBX 353 to GBX 385 in a research report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the financial services provider’s stock. Berenberg Bank’s price target indicates a potential upside of 22.25% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 255 price target on shares of Legal & General Group in a report on Wednesday, July 29th. Citigroup upped their price target on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Peel Hunt restated an “add” rating and issued a GBX 320 target price on shares of Legal & General Group in a research note on Tuesday. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 185 price objective on shares of Legal & General Group in a report on Wednesday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Legal & General Group currently has a consensus rating of “Hold” and a consensus target price of GBX 276.29.

Legal & General Group Trading Up 0.9%

Shares of LON:LGEN opened at GBX 314.93 on Thursday. Legal & General Group has a twelve month low of GBX 217.20 and a twelve month high of GBX 318.10. The company has a market cap of £17.20 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. The company’s 50 day moving average is GBX 288.78 and its 200 day moving average is GBX 269.80.

Legal & General Group (LON:LGEN) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. Equities research analysts predict that Legal & General Group will post 24.2376446 earnings per share for the current fiscal year.

Insider Activity

In other Legal & General Group news, insider Mark Jordy purchased 3,494 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were purchased at an average price of GBX 303 per share, for a total transaction of £10,586.82. Insiders purchased 8,390 shares of company stock worth $2,444,751 in the last quarter. Insiders own 0.61% of the company’s stock.

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.