Legal & General Group Plc (LON:LGEN – Get Free Report) insider Tushar Morzaria purchased 20,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of GBX 241 ($3.12) per share, for a total transaction of £48,200 ($62,346.40).
Legal & General Group Stock Up 1.1 %
Shares of LON LGEN opened at GBX 243.02 ($3.14) on Friday. The firm’s 50-day simple moving average is GBX 237.70 and its 200 day simple moving average is GBX 229.36. The company has a market cap of £14.24 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group Plc has a 12-month low of GBX 211.40 ($2.73) and a 12-month high of GBX 266.20 ($3.44).
Legal & General Group (LON:LGEN – Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, research analysts expect that Legal & General Group Plc will post 24.2376446 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have 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. JPMorgan Chase & Co. upped their target price on shares of Legal & General Group from GBX 290 ($3.75) to GBX 295 ($3.82) and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 265 ($3.43) price target on shares of Legal & General Group in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 267 ($3.45).
Get Our Latest Report on Legal & General Group
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.
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