Legal & General Group Plc (LON:LGEN) Given Average Rating of “Hold” by Brokerages

Shares of Legal & General Group Plc (LON:LGENGet Free Report) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 250.71.

A number of equities research analysts have issued reports on LGEN shares. Royal Bank Of Canada increased their price target on Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. The Goldman Sachs Group boosted their price objective on Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 308 price objective on shares of Legal & General Group in a research note on Friday, May 1st. Jefferies Financial Group downgraded Legal & General Group to an “underperform” rating and set a GBX 185 target price on the stock. in a research note on Tuesday, May 5th. Finally, Citigroup upped their price target on Legal & General Group from GBX 243 to GBX 249 and gave the stock a “neutral” rating in a research note on Tuesday, March 24th.

Check Out Our Latest Stock Analysis on LGEN

Legal & General Group Price Performance

LGEN opened at GBX 263.60 on Wednesday. The company has a 50 day simple moving average of GBX 253.15 and a two-hundred day simple moving average of GBX 255.33. The firm has a market cap of £14.70 billion, a P/E ratio of 27.06, a PEG ratio of 2.34 and a beta of 0.80. Legal & General Group has a 1-year low of GBX 217.20 and a 1-year high of GBX 283.01.

Legal & General Group (LON:LGENGet Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. Equities analysts anticipate that Legal & General Group will post 24.2376446 earnings per share for the current year.

Legal & General Group declared that its Board of Directors has authorized a share buyback program on Wednesday, March 11th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at Legal & General Group

In related news, insider Mark Jordy acquired 1,040 shares of the company’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of GBX 253 per share, with a total value of £2,631.20. Also, insider Ric Lewis acquired 931 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of GBX 253 per share, with a total value of £2,355.43. In the last ninety days, insiders bought 7,085 shares of company stock valued at $1,840,038 and sold 410,095 shares valued at $106,048,563. Insiders own 0.59% of the company’s stock.

About Legal & General Group

(Get Free Report)

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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.

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

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