Legal & General Group (LON:LGEN) Price Target Cut to GBX 285 by Analysts at JPMorgan Chase & Co.

Legal & General Group (LON:LGEN) had its price objective trimmed by JPMorgan Chase & Co. from GBX 330 ($4.19) to GBX 285 ($3.62) in a research note issued to investors on Monday morning, MarketBeat reports. The firm currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on the stock. Berenberg Bank reiterated a buy rating and set a GBX 289 ($3.67) price objective on shares of Legal & General Group in a research note on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Legal & General Group from GBX 300 ($3.81) to GBX 275 ($3.49) and set a buy rating for the company in a research report on Tuesday, June 18th. Finally, Jefferies Financial Group restated a hold rating and issued a GBX 255 ($3.23) target price on shares of Legal & General Group in a research report on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Legal & General Group presently has a consensus rating of Moderate Buy and an average target price of GBX 285.80 ($3.63).

Legal & General Group Stock Performance

Shares of Legal & General Group stock opened at GBX 226.30 ($2.87) on Monday. The firm has a market cap of £13.53 billion, a PE ratio of 3,232.86, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35. The firm’s 50-day simple moving average is GBX 242.21 and its 200-day simple moving average is GBX 245.52. The company has a debt-to-equity ratio of 1,372.51, a quick ratio of 0.50 and a current ratio of 4.70. Legal & General Group has a 1 year low of GBX 203.10 ($2.58) and a 1 year high of GBX 259 ($3.29).

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock purchased 958 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were bought at an average price of GBX 254 ($3.22) per share, for a total transaction of £2,433.32 ($3,086.79). In other Legal & General Group news, insider Jeff Davies sold 22,267 shares of the firm’s stock in a transaction on Saturday, April 13th. The shares were sold at an average price of GBX 248 ($3.15), for a total value of £55,222.16 ($70,052.21). Also, insider Henrietta Baldock purchased 958 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was bought at an average price of GBX 254 ($3.22) per share, for a total transaction of £2,433.32 ($3,086.79). Insiders have acquired a total of 10,919 shares of company stock worth $2,732,050 in the last 90 days. 0.85% 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.