Legal & General Group (LON:LGEN) Price Target Raised to GBX 270

Legal & General Group (LON:LGEN) had its price target hoisted by investment analysts at Royal Bank Of Canada from GBX 255 to GBX 270 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has an “underperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential downside of 9.21% from the stock’s current price.

A number of other equities research analysts have also weighed in on LGEN. Peel Hunt restated an “add” rating and set a GBX 320 price target on shares of Legal & General Group in a research note on Tuesday, August 4th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 185 price objective on shares of Legal & General Group in a research report on Wednesday, August 5th. Berenberg Bank lifted their target price on shares of Legal & General Group from GBX 353 to GBX 385 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Citigroup downgraded shares of Legal & General Group to a “sell” rating and dropped their target price for the stock from GBX 251 to GBX 245 in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Legal & General Group has an average rating of “Reduce” and a consensus target price of GBX 277.57.

Legal & General Group Price Performance

Legal & General Group stock opened at GBX 297.40 on Tuesday. The stock has a market capitalization of £16.24 billion, a price-to-earnings ratio of 30.53, a PEG ratio of 2.34 and a beta of 0.80. Legal & General Group has a 1-year low of GBX 217.20 and a 1-year high of GBX 318.10. The business has a fifty day moving average price of GBX 289.67 and a 200-day moving average price of GBX 270.16.

Legal & General Group (LON:LGEN) last announced its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. On average, equities research analysts anticipate that Legal & General Group will post 24.2376446 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Legal & General Group news, insider Mark Jordy purchased 3,494 shares of the stock in a transaction on Monday, August 3rd. The shares were bought at an average cost of GBX 303 per share, with a total value of £10,586.82. Insiders have acquired 8,390 shares of company stock valued at $2,444,751 over the last 90 days. 0.61% of the stock is currently owned by corporate 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. 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.