Legal & General Group’s (LGEN) Equal Weight Rating Reiterated at Morgan Stanley

Legal & General Group (LON:LGEN – Get Rating)‘s stock had its “equal weight” rating reissued by stock analysts at Morgan Stanley in a research note issued on Wednesday, Digital Look reports.

LGEN has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 325 ($4.01) price target on shares of Legal & General Group in a research note on Thursday, March 10th. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 360 ($4.44) target price on shares of Legal & General Group in a research note on Friday, April 1st. Deutsche Bank Aktiengesellschaft increased their target price on Legal & General Group from GBX 320 ($3.95) to GBX 330 ($4.07) and gave the stock a “buy” rating in a research note on Monday, March 28th. Barclays cut their target price on Legal & General Group from GBX 406 ($5.01) to GBX 400 ($4.93) and set an “overweight” rating on the stock in a research note on Wednesday, March 9th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 343 ($4.23) target price on shares of Legal & General Group in a research note on Wednesday, March 9th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 347.83 ($4.29).

Shares of LGEN stock opened at GBX 240.80 ($2.97) on Wednesday. The stock has a market cap of £14.38 billion and a price-to-earnings ratio of 7.39. The business’s fifty day moving average is GBX 262.77 and its 200 day moving average is GBX 280.06. Legal & General Group has a twelve month low of GBX 225.49 ($2.78) and a twelve month high of GBX 309.90 ($3.82). The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 572.22.

In related news, insider Nigel Wilson sold 306,024 shares of the stock in a transaction on Thursday, April 14th. The stock was sold at an average price of GBX 274 ($3.38), for a total transaction of £838,505.76 ($1,033,788.39). Also, insider Henrietta Baldock acquired 836 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The shares were acquired at an average cost of GBX 273 ($3.37) per share, for a total transaction of £2,282.28 ($2,813.81). Over the last ninety days, insiders have purchased 3,066 shares of company stock worth $820,735 and have sold 624,917 shares worth $169,803,170.

About Legal & General Group (Get Rating)

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).

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