Legal & General Group Plc (LON:LGEN) Given Average Recommendation of “Moderate Buy” by Analysts

Legal & General Group Plc (LON:LGEN) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 279 ($3.69).

A number of brokerages have recently commented on LGEN. Deutsche Bank Aktiengesellschaft cut their price target on Legal & General Group from GBX 300 ($3.96) to GBX 275 ($3.63) and set a “buy” rating on the stock in a report on Tuesday, June 18th. Berenberg Bank restated a “buy” rating and set a GBX 289 ($3.82) price target on shares of Legal & General Group in a report on Wednesday, June 5th. Jefferies Financial Group reissued a “hold” rating and set a GBX 255 ($3.37) price objective on shares of Legal & General Group in a research report on Thursday, June 13th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 285 ($3.76) target price on shares of Legal & General Group in a report on Wednesday, July 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 245 ($3.24) price objective on shares of Legal & General Group in a research note on Thursday, August 15th.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Ric Lewis purchased 1,182 shares of the firm’s stock in a transaction on Monday, September 2nd. The shares were acquired at an average cost of GBX 223 ($2.95) per share, for a total transaction of £2,635.86 ($3,481.98). In other news, insider Ric Lewis purchased 1,182 shares of the business’s stock in a transaction on Monday, September 2nd. The stock was acquired at an average price of GBX 223 ($2.95) per share, for a total transaction of £2,635.86 ($3,481.98). Also, insider Laura Wade-Gery bought 926 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were acquired at an average price of GBX 230 ($3.04) per share, for a total transaction of £2,129.80 ($2,813.47). Insiders have bought a total of 3,166 shares of company stock worth $719,906 in the last ninety days. Insiders own 0.87% of the company’s stock.

Legal & General Group Stock Down 0.5 %

Shares of LGEN opened at GBX 223.70 ($2.96) on Friday. The company has a 50-day moving average price of GBX 226.28 and a two-hundred day moving average price of GBX 237.52. Legal & General Group has a 12 month low of GBX 203.10 ($2.68) and a 12 month high of GBX 259 ($3.42). The stock has a market cap of £13.09 billion, a price-to-earnings ratio of 4,474.00, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64.

Legal & General Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd will be issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 2.77%. Legal & General Group’s payout ratio is 42,000.00%.

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.