Legal & General Group Plc (LON:LGEN) Stock Now Rated “Reduce” by Sell-Side Analysts

Legal & General Group Plc (LON:LGEN) has earned an average rating of “Reduce” from the seven analysts that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 276.86.

Several equities research analysts recently weighed in on the company. 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 report on Thursday, August 6th. Peel Hunt reiterated an “add” rating and issued a GBX 320 price objective on shares of Legal & General Group in a report on Tuesday, August 4th. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 270 price objective on shares of Legal & General Group in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. lowered 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. Finally, Citigroup cut shares of Legal & General Group to a “sell” rating and dropped their target price for the company from GBX 251 to GBX 245 in a report on Monday, August 10th.

Insider Activity

In other Legal & General Group news, insider Mark Jordy purchased 3,671 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was bought at an average cost of GBX 288 per share, with a total value of £10,572.48. In the last three months, insiders have bought 11,042 shares of company stock valued at $3,240,907. 0.59% of the stock is owned by company insiders.

Legal & General Group Trading Up 0.6%

Legal & General Group stock traded up GBX 1.70 during trading hours on Friday, hitting GBX 296.19. 11,955,476 shares of the stock traded hands, compared to its average volume of 36,634,480. The firm’s 50-day moving average price is GBX 293.60 and its two-hundred day moving average price is GBX 281.61. The company has a market cap of £15.91 billion, a PE ratio of 8.26, a PEG ratio of 2.34 and a beta of 0.81. Legal & General Group has a one year low of GBX 217.20 and a one year high of GBX 318.10.

Legal & General Group (LON:LGEN) last posted its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. On average, sell-side analysts expect that Legal & General Group will post 24.24 earnings per share for the current fiscal year.

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.