Legal & General Group Plc (LON:LGEN) Stock Now Rated “Reduce” by Wall Street Analysts

Shares of Legal & General Group Plc (LON:LGEN) have been given a consensus rating of “Reduce” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 276.86.

LGEN has been the subject of several research analyst reports. Royal Bank Of Canada restated an “underperform” rating and set a GBX 270 price objective on shares of Legal & General Group in a research report on Wednesday, September 2nd. Peel Hunt reaffirmed an “add” rating and issued a GBX 320 target price on shares of Legal & General Group in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 185 target price on shares of Legal & General Group in a report on Wednesday, August 5th. Berenberg Bank lifted their price target on Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a research report on Thursday, August 13th.

Legal & General Group Stock Performance

Shares of Legal & General Group stock opened at GBX 309.40 on Wednesday. The firm has a 50-day moving average of GBX 296.06 and a 200-day moving average of GBX 278.48. The stock has a market cap of £16.51 billion, a PE ratio of 8.63, a PEG ratio of 2.34 and a beta of 0.81. Legal & General Group has a 52-week low of GBX 217.20 and a 52-week high of GBX 318.10.

Insider Transactions at Legal & General Group

In related news, insider Mark Jordy bought 3,671 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was purchased at an average price of GBX 288 per share, with a total value of £10,572.48. Insiders bought a total of 11,018 shares of company stock valued at $3,240,794 in the last quarter. Insiders own 0.61% 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.