Legal & General Group (LON:LGEN) Reaches New 52-Week High – Should You Buy?

Legal & General Group Plc (LON:LGEN) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 266.20 ($3.31) and last traded at GBX 253.70 ($3.16), with a volume of 2147000000 shares trading hands. The stock had previously closed at GBX 238.90 ($2.97).

Analyst Ratings Changes

A number of research analysts have commented on LGEN shares. Deutsche Bank Aktiengesellschaft restated a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Berenberg Bank restated a “buy” rating and issued a GBX 265 ($3.30) price objective on shares of Legal & General Group in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Legal & General Group from GBX 290 ($3.61) to GBX 295 ($3.67) and gave the company an “overweight” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 276.67 ($3.44).

Legal & General Group Stock Up 5.3 %

The firm has a market capitalization of £14.69 billion, a price-to-earnings ratio of 5,032.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The business has a 50 day moving average of GBX 230.17 and a 200 day moving average of GBX 226.47. The company has a debt-to-equity ratio of 722.64, a current ratio of 1.12 and a quick ratio of 0.50.

Insider Buying and Selling at Legal & General Group

In related news, insider John Kingman acquired 716 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was purchased at an average cost of GBX 230 ($2.86) per share, for a total transaction of £1,646.80 ($2,048.00). Also, insider Henrietta Baldock bought 1,118 shares of Legal & General Group stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of GBX 221 ($2.75) per share, for a total transaction of £2,470.78 ($3,072.73). Insiders have acquired 2,880 shares of company stock valued at $658,614 in the last 90 days. 0.88% of the stock is currently 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.