Citigroup Boosts Legal & General Group (LON:LGEN) Price Target to GBX 2,510

Legal & General Group (LON:LGEN) had its price target increased by investment analysts at Citigroup from GBX 2,490 to GBX 2,510 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “neutral” rating on the financial services provider’s stock.

Several other research analysts have also issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 308 price target on shares of Legal & General Group in a research note on Friday, May 1st. Jefferies Financial Group lowered shares of Legal & General Group to an “underperform” rating and set a GBX 185 price target for the company. in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price target on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 573.71.

Legal & General Group Trading Up 0.8%

LON:LGEN opened at GBX 272.90 on Tuesday. The company has a 50-day moving average price of GBX 260.16 and a 200-day moving average price of GBX 258.21. Legal & General Group has a 12 month low of GBX 217.20 and a 12 month high of GBX 300. The stock has a market cap of £14.98 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last posted its earnings results 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 forecast that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Legal & General Group announced that its board has authorized a share repurchase plan on Wednesday, March 11th that permits the company to buyback 0 shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Legal & General Group

In other news, insider Laura Wade-Gery acquired 988 shares of Legal & General Group stock in a transaction on Friday, May 1st. The stock was acquired at an average cost of GBX 253 per share, for a total transaction of £2,499.64. Also, insider John Kingman acquired 650 shares of Legal & General Group stock in a transaction on Friday, May 1st. The shares were purchased at an average price of GBX 253 per share, with a total value of £1,644.50. In the last 90 days, insiders purchased 4,758 shares of company stock worth $1,219,791 and sold 410,095 shares worth $106,048,563. 0.59% of the stock is owned by company 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. 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.