Legal & General Group (LON:LGEN) Sets New 1-Year High – Should You Buy?

Legal & General Group Plc (LON:LGEN) reached a new 52-week high on Wednesday . The company traded as high as GBX 295.90 and last traded at GBX 292.38, with a volume of 335710219 shares changing hands. The stock had previously closed at GBX 292.60.

Wall Street Analyst Weigh In

LGEN has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 308 price target on shares of Legal & General Group in a research report on Friday, May 1st. Jefferies Financial Group lowered Legal & General Group to an “underperform” rating and set a GBX 185 price objective for the company. in a research note on Tuesday, May 5th. Citigroup raised their target price on shares of Legal & General Group from GBX 249 to GBX 251 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada lifted their target price on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 251.

Legal & General Group Stock Down 0.1%

The company has a market capitalization of £16.01 billion, a P/E ratio of 30.02, a PEG ratio of 2.34 and a beta of 0.79. 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. The company has a 50 day moving average of GBX 274.99 and a 200-day moving average of GBX 265.14.

Insiders Place Their Bets

In other Legal & General Group news, insider Mark Jordy acquired 3,683 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was acquired at an average price of GBX 287 per share, for a total transaction of £10,570.21. Also, insider John Kingman acquired 650 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average price of GBX 253 per share, for a total transaction of £1,644.50. In the last quarter, insiders have bought 8,519 shares of company stock worth $2,299,198. 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.