Legal & General Group Plc (LON:LGEN) Given Consensus Recommendation of “Reduce” by Analysts

Legal & General Group Plc (LON:LGEN) has earned an average rating of “Reduce” from the seven ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 276.86.

A number of research analysts have recently commented on LGEN shares. Jefferies Financial Group restated an “underperform” rating and issued a GBX 185 price target on shares of Legal & General Group in a report on Wednesday, August 5th. Berenberg Bank boosted their price objective on shares of Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating on the stock in a research note on Thursday, August 13th. Peel Hunt reaffirmed an “add” rating and set a GBX 320 target price on shares of Legal & General Group in a research report on Tuesday, August 4th. Finally, Royal Bank Of Canada lifted their price target on shares of Legal & General Group from GBX 255 to GBX 270 and gave the company an “underperform” rating in a research note on Tuesday, August 11th.

Legal & General Group Stock Performance

Shares of LGEN stock opened at GBX 291.62 on Friday. Legal & General Group has a 52-week low of GBX 217.20 and a 52-week high of GBX 318.10. The firm has a market capitalization of £15.93 billion, a P/E ratio of 29.94, a P/E/G ratio of 2.34 and a beta of 0.80. The stock has a 50 day moving average price of GBX 294.83 and a 200 day moving average price of GBX 272.93.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. As a group, sell-side analysts forecast that Legal & General Group will post 24.2376446 EPS for the current year.

Insider Buying and Selling

In other news, insider Mark Jordy bought 3,683 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was acquired at an average cost of GBX 287 per share, with a total value of £10,570.21. In the last quarter, insiders acquired 8,390 shares of company stock worth $2,444,751. Company insiders own 0.61% 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.