Brokerages Set Legal & General Group Plc (LON:LGEN) PT at GBX 276.67

Shares of Legal & General Group Plc (LON:LGEN) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 276.67 ($3.45).

A number of research firms recently issued reports on LGEN. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.30) price target on shares of Legal & General Group in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price target on Legal & General Group from GBX 290 ($3.61) to GBX 295 ($3.68) and gave the stock an “overweight” rating in a research note on Friday, December 6th.

Insider Transactions at Legal & General Group

In related news, insider John Kingman acquired 716 shares of the stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average cost of GBX 230 ($2.87) per share, with a total value of £1,646.80 ($2,052.34). Also, insider Henrietta Baldock bought 1,118 shares of the stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 221 ($2.75) per share, with a total value of £2,470.78 ($3,079.24). Insiders acquired 2,590 shares of company stock valued at $576,566 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Legal & General Group Price Performance

LGEN opened at GBX 235.10 ($2.93) on Friday. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64. The stock has a fifty day simple moving average of GBX 227.33 and a two-hundred day simple moving average of GBX 226.13. The company has a market cap of £13.73 billion, a price-to-earnings ratio of 4,702.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a 12-month low of GBX 211.40 ($2.63) and a 12-month high of GBX 259 ($3.23).

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.