Legal & General Group (LON:LGEN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Legal & General Group Plc (LON:LGEN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 264.44 and traded as high as GBX 291. Legal & General Group shares last traded at GBX 290.10, with a volume of 12,951,490 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LGEN shares. Berenberg Bank reissued a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a research report on Friday, May 1st. Jefferies Financial Group lowered Legal & General Group to an “underperform” rating and set a GBX 185 price target on the stock. in a research report on Tuesday, May 5th. Citigroup upped their price objective on Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada increased their price objective on Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 251.

Legal & General Group Stock Up 0.2%

The company has a market capitalization of £15.92 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. The firm’s 50 day moving average price is GBX 273.36 and its two-hundred day moving average price is GBX 264.63. The company has a current ratio of 59.08, a quick ratio of 0.50 and a debt-to-equity ratio of 1,100.04.

Insiders Place Their Bets

In other Legal & General Group news, insider Mark Jordy purchased 3,683 shares of the stock in a transaction on Wednesday, July 1st. The shares were purchased at an average price of GBX 287 per share, with a total value of £10,570.21. Also, insider Andrew Kail sold 204,858 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of GBX 271, for a total value of £555,165.18. Insiders acquired a total of 8,519 shares of company stock worth $2,299,198 in the last three months. Insiders own 0.59% of the company’s stock.

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. 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.