Deutsche Bank Reiterates Buy Rating for Legal & General Group (LON:LGEN)

Deutsche Bank reissued their buy rating on shares of Legal & General Group (LON:LGEN) in a research note released on Monday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts also recently commented on LGEN. Royal Bank of Canada restated a top pick rating on shares of Legal & General Group in a report on Friday, March 20th. Credit Suisse Group reissued an underperform rating on shares of Legal & General Group in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Legal & General Group from GBX 269 ($3.54) to GBX 284 ($3.74) and gave the stock a neutral rating in a report on Tuesday, January 7th. UBS Group restated a sell rating on shares of Legal & General Group in a report on Thursday, March 5th. Finally, Barclays raised their target price on shares of Legal & General Group from GBX 347 ($4.56) to GBX 350 ($4.60) and gave the stock an overweight rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 275.33 ($3.62).

LON LGEN opened at GBX 187.65 ($2.47) on Monday. The stock has a market cap of $11.19 billion and a P/E ratio of 6.11. Legal & General Group has a fifty-two week low of GBX 117.30 ($1.54) and a fifty-two week high of GBX 324.70 ($4.27). The stock has a 50 day simple moving average of GBX 253.06 and a two-hundred day simple moving average of GBX 272.44. The company has a debt-to-equity ratio of 57.18, a quick ratio of 0.48 and a current ratio of 1.49.

The firm also recently announced a dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, April 23rd will be given a GBX 12.64 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This is an increase from Legal & General Group’s previous dividend of $4.93. This represents a dividend yield of 4.77%. Legal & General Group’s dividend payout ratio is currently 0.59%.

In related news, insider Henrietta Baldock purchased 605 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of GBX 307 ($4.04) per share, for a total transaction of £1,857.35 ($2,443.24). Also, insider Toby Strauss acquired 893 shares of Legal & General Group stock in a transaction that occurred on Thursday, January 2nd. The shares were bought at an average cost of GBX 308 ($4.05) per share, with a total value of £2,750.44 ($3,618.05). Over the last quarter, insiders purchased 10,303 shares of company stock valued at $2,767,684.

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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Analyst Recommendations for Legal & General Group (LON:LGEN)

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