Legal & General Group Plc (LON:LGEN) Stock Has Average Target Price of GBX 276.86 According to Brokerages

Legal & General Group Plc (LON:LGEN) has been given a consensus rating of “Reduce” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 276.86.

LGEN has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 270 target price on shares of Legal & General Group in a report on Wednesday, September 2nd. JPMorgan Chase & Co. cut their price target on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a report on Thursday, August 13th. Berenberg Bank increased their price target on Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th. Citigroup cut Legal & General Group to a “sell” rating and decreased their price objective for the company from GBX 251 to GBX 245 in a research note on Monday, August 10th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 185 price objective on shares of Legal & General Group in a research report on Wednesday, August 5th.

Legal & General Group Stock Up 0.8%

Shares of LGEN stock opened at GBX 287.92 on Friday. Legal & General Group has a 52 week low of GBX 217.20 and a 52 week high of GBX 318.10. The stock has a market capitalization of £15.46 billion, a PE ratio of 8.03, a P/E/G ratio of 2.34 and a beta of 0.81. The firm has a 50 day moving average of GBX 294.95 and a two-hundred day moving average of GBX 279.73.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. Analysts expect that Legal & General Group will post 24.24 EPS for the current fiscal year.

Insider Transactions at Legal & General Group

In other news, insider Mark Jordy purchased 3,671 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average price of GBX 288 per share, for a total transaction of £10,572.48. Insiders have purchased a total of 11,042 shares of company stock valued at $3,240,907 in the last ninety days. 0.59% of the stock is owned by 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.