Legal & General Group Plc (LON:LGEN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Legal & General Group Plc (LON:LGEN) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 279 ($3.59).

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

Legal & General Group Stock Down 0.8 %

Shares of LON:LGEN opened at GBX 214.20 ($2.76) on Friday. Legal & General Group has a 1-year low of GBX 211.40 ($2.72) and a 1-year high of GBX 259 ($3.33). The company’s fifty day moving average is GBX 223.74 and its two-hundred day moving average is GBX 231.25. The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12. The stock has a market capitalization of £12.51 billion, a price-to-earnings ratio of 4,323.46, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

Insider Transactions at Legal & General Group

In other news, insider John Kingman purchased 726 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was bought at an average cost of GBX 226 ($2.91) per share, with a total value of £1,640.76 ($2,111.39). Also, insider Ric Lewis purchased 1,182 shares of the stock in a transaction that occurred on Monday, September 2nd. The stock was purchased at an average cost of GBX 223 ($2.87) per share, with a total value of £2,635.86 ($3,391.92). Insiders acquired a total of 2,664 shares of company stock valued at $592,470 over the last quarter. Company insiders own 0.88% of the company’s stock.

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.