Legal & General Group (LON:LGEN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Legal & General Group Plc (LON:LGEN) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 250.90 and traded as high as GBX 275.20. Legal & General Group shares last traded at GBX 271.33, with a volume of 19,768,391 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a report on Monday, November 3rd. The Goldman Sachs Group boosted their target price on shares of Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Legal & General Group has a consensus rating of “Hold” and a consensus price target of GBX 258.40.

Legal & General Group Stock Down 1.0%

The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The business has a fifty day moving average of GBX 265.33 and a two-hundred day moving average of GBX 250.84. The company has a market cap of £15.28 billion, a price-to-earnings ratio of 60.84, a PEG ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last posted its quarterly earnings data on Monday, December 15th. The financial services provider reported GBX 2.89 EPS for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. As a group, equities analysts anticipate that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Insider Activity at Legal & General Group

In related news, insider António Simões sold 47,433 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of GBX 262, for a total transaction of £124,274.46. Also, insider Mark Jordy acquired 1,076 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of GBX 244 per share, for a total transaction of £2,625.44. In the last three months, insiders acquired 10,913 shares of company stock valued at $2,797,634. 0.59% of the stock is currently owned by company 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.