Legal & General Group Plc (LON:LGEN) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Legal & General Group Plc (LON:LGENGet Free Report) have received a consensus recommendation of “Reduce” from the seven research firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 276.86.

Several research firms have issued reports on LGEN. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 270 price target on shares of Legal & General Group in a research note on Wednesday, September 2nd. Citigroup lowered shares of Legal & General Group to a “sell” rating and lowered their price objective for the stock from GBX 251 to GBX 245 in a research note on Monday, August 10th. Jefferies Financial Group restated an “underperform” rating and issued a GBX 185 price target on shares of Legal & General Group in a research note on Wednesday, August 5th. Berenberg Bank raised their price objective on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Peel Hunt reissued an “add” rating and issued a GBX 320 target price on shares of Legal & General Group in a research report on Tuesday, August 4th.

View Our Latest Analysis on Legal & General Group

Insider Activity

In related news, insider Mark Jordy bought 3,651 shares of Legal & General Group stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of GBX 290 per share, with a total value of £10,587.90. Over the last quarter, insiders acquired 11,056 shares of company stock worth $3,241,178. Corporate insiders own 0.61% of the company’s stock.

Legal & General Group Trading Up 0.7%

Legal & General Group stock opened at GBX 291.90 on Tuesday. Legal & General Group has a 1 year low of GBX 217.20 and a 1 year high of GBX 318.10. The firm has a market capitalization of £15.83 billion, a P/E ratio of 8.14, a PEG ratio of 2.34 and a beta of 0.79. The business has a 50-day moving average of GBX 295.75 and a 200-day moving average of GBX 274.71.

Legal & General Group (LON:LGENGet Free Report) last posted its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Research analysts anticipate that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Legal & General Group Company Profile

(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.

See Also

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

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