Legal & General Group Plc (LON:LGEN) Receives GBX 285.80 Average Price Target from Analysts

Legal & General Group Plc (LON:LGEN) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 285.80 ($3.65).

Several research analysts have issued reports on LGEN shares. Jefferies Financial Group restated a “hold” rating and set a GBX 255 ($3.26) target price on shares of Legal & General Group in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Legal & General Group from GBX 300 ($3.83) to GBX 275 ($3.51) and set a “buy” rating for the company in a research report on Tuesday, June 18th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 285 ($3.64) target price on shares of Legal & General Group in a research report on Wednesday, July 17th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 289 ($3.69) target price on shares of Legal & General Group in a research report on Wednesday, June 5th.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock acquired 957 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was purchased at an average price of GBX 254 ($3.25) per share, for a total transaction of £2,430.78 ($3,106.43). In other Legal & General Group news, insider Laura Wade-Gery acquired 926 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was purchased at an average price of GBX 230 ($2.94) per share, for a total transaction of £2,129.80 ($2,721.79). Also, insider Henrietta Baldock bought 957 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average cost of GBX 254 ($3.25) per share, for a total transaction of £2,430.78 ($3,106.43). Over the last quarter, insiders bought 10,919 shares of company stock worth $2,701,876. Company insiders own 0.85% of the company’s stock.

Legal & General Group Trading Up 1.1 %

LGEN opened at GBX 222.70 ($2.85) on Friday. Legal & General Group has a 12 month low of GBX 203.10 ($2.60) and a 12 month high of GBX 259 ($3.31). The stock has a 50-day moving average of GBX 231.36 and a 200 day moving average of GBX 241.41. The firm has a market cap of £13.32 billion, a P/E ratio of 3,147.14, a P/E/G ratio of 2.34 and a beta of 1.35. The company has a current ratio of 4.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1,372.51.

Legal & General Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 22nd will be issued a GBX 6 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 2.77%. Legal & General Group’s payout ratio is 28,571.43%.

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.