Legal & General Group (LON:LGEN) had its target price hoisted by Deutsche Bank from GBX 270 ($3.66) to GBX 305 ($4.14) in a research note released on Thursday, January 4th. The brokerage currently has a hold rating on the financial services provider’s stock.
Several other analysts have also commented on LGEN. Numis Securities upgraded shares of Legal & General Group to an add rating and set a GBX 305 ($4.14) price target on the stock in a research report on Friday, November 3rd. Citigroup restated a buy rating on shares of Legal & General Group in a research report on Thursday, November 16th. JPMorgan Chase & Co. restated an underweight rating on shares of Legal & General Group in a research report on Thursday, November 16th. HSBC raised their target price on shares of Legal & General Group from GBX 290 ($3.93) to GBX 295 ($4.00) and gave the stock a buy rating in a research report on Thursday, November 23rd. Finally, Societe Generale lowered shares of Legal & General Group to a sell rating and decreased their target price for the stock from GBX 250 ($3.39) to GBX 240 ($3.25) in a research report on Tuesday, November 28th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 267.94 ($3.63).
Shares of Legal & General Group (LON:LGEN) traded down GBX 1.20 ($0.02) on Thursday, reaching GBX 276.20 ($3.75). 16,324,337 shares of the company’s stock traded hands, compared to its average volume of 13,140,000. Legal & General Group has a one year low of GBX 231.60 ($3.14) and a one year high of GBX 279.90 ($3.80). The firm has a market capitalization of $16,460.00 and a price-to-earnings ratio of 1,062.31.
In related news, insider Toby Strauss acquired 950 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was bought at an average cost of GBX 264 ($3.58) per share, with a total value of £2,508 ($3,401.14). Also, insider John Kingman acquired 1,282 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were bought at an average cost of GBX 273 ($3.70) per share, with a total value of £3,499.86 ($4,746.22). In the last three months, insiders bought 2,842 shares of company stock worth $764,876.
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Legal & General Group Company Profile
Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).
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