Legal & General Group’s (LGEN) Underperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their underperform rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Wednesday morning,Digital Look reports. They currently have a GBX 255 target price on the financial services provider’s stock.

Several other analysts have also recently weighed in on the company. Jefferies Financial Group cut Legal & General Group to an “underperform” rating and set a GBX 185 price objective on the stock. in a research report on Tuesday, May 5th. Citigroup increased their target price on Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 256.

Legal & General Group Price Performance

Shares of LON LGEN opened at GBX 300.40 on Wednesday. Legal & General Group has a 1 year low of GBX 217.20 and a 1 year high of GBX 310. The stock has a market capitalization of £16.44 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.34 and a beta of 0.79. The company’s 50-day moving average is GBX 285.22 and its 200 day moving average is GBX 268.30. The company has a debt-to-equity ratio of 1,100.04, a current ratio of 59.08 and a quick ratio of 0.50.

Insider Transactions at Legal & General Group

In other Legal & General Group news, insider Mark Jordy purchased 3,683 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was bought at an average cost of GBX 287 per share, with a total value of £10,570.21. Over the last three months, insiders have bought 4,823 shares of company stock worth $1,364,023. Company insiders own 0.59% of the company’s stock.

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. 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.