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

Shares of Legal & General Group Plc (LON:LGEN) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 279 ($3.59).

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 245 ($3.15) target price on shares of Legal & General Group in a report on Thursday, August 15th.

Legal & General Group Trading Down 0.8 %

Shares of LGEN stock opened at GBX 214.20 ($2.76) on Friday. The firm has a fifty day moving average of GBX 223.74 and a 200-day moving average of GBX 231.25. The stock has a market cap of £12.51 billion, a price-to-earnings ratio of 4,323.46, a P/E/G ratio of 2.34 and a beta of 1.31. Legal & General Group has a 52-week low of GBX 211.40 ($2.72) and a 52-week high of GBX 259 ($3.33). The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12.

Insider Activity

In related news, insider John Kingman purchased 756 shares of Legal & General Group stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of GBX 218 ($2.81) per share, for a total transaction of £1,648.08 ($2,120.81). Also, insider Ric Lewis bought 1,182 shares of the firm’s stock in a transaction dated Monday, September 2nd. The shares were bought at an average price of GBX 223 ($2.87) per share, with a total value of £2,635.86 ($3,391.92). Over the last ninety days, insiders acquired 2,664 shares of company stock worth $592,470. 0.88% of the stock is owned by corporate insiders.

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.