JPMorgan Chase & Co. Reiterates Overweight Rating for Legal & General Group (LON:LGEN)

JPMorgan Chase & Co. restated their overweight rating on shares of Legal & General Group (LON:LGEN) in a research note published on Wednesday, Marketbeat reports. They currently have a GBX 285 ($3.70) price target on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Legal & General Group from GBX 300 ($3.89) to GBX 275 ($3.57) and set a buy rating on the stock in a research note on Tuesday, June 18th. Berenberg Bank reissued a buy rating and issued a GBX 289 ($3.75) price target on shares of Legal & General Group in a research note on Wednesday, June 5th. Finally, Jefferies Financial Group reissued a hold rating and issued a GBX 255 ($3.31) price target on shares of Legal & General Group in a research note on Thursday, June 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Legal & General Group has a consensus rating of Moderate Buy and an average price target of GBX 285.80 ($3.71).

Legal & General Group Price Performance

Shares of LGEN opened at GBX 226.90 ($2.94) on Wednesday. Legal & General Group has a 52-week low of GBX 203.10 ($2.63) and a 52-week high of GBX 259 ($3.36). 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. The business’s 50 day moving average price is GBX 238.21 and its two-hundred day moving average price is GBX 243.55. The firm has a market cap of £13.57 billion, a PE ratio of 3,241.43, a price-to-earnings-growth ratio of 2.34 and a beta of 1.35.

Insider Transactions at Legal & General Group

In other news, insider Laura Wade-Gery bought 926 shares of the stock in a transaction dated Monday, July 1st. The shares were bought at an average cost of GBX 230 ($2.98) per share, with a total value of £2,129.80 ($2,762.03). In related news, insider John Kingman purchased 7,978 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of GBX 251 ($3.26) per share, for a total transaction of £20,024.78 ($25,969.11). Also, insider Laura Wade-Gery purchased 926 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of GBX 230 ($2.98) per share, with a total value of £2,129.80 ($2,762.03). Insiders have bought 10,887 shares of company stock valued at $2,701,698 over the last ninety days. 0.85% of the stock is owned by company insiders.

Legal & General Group Company Profile

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.