Legal & General Group (LON:LGEN) Given Outperform Rating at Royal Bank of Canada

Legal & General Group (LON:LGENGet Rating)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a research note issued on Friday, MarketBeat Ratings reports. They presently have a GBX 330 ($4.15) target price on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 26.80% from the stock’s current price.

Several other equities research analysts have also weighed in on LGEN. Morgan Stanley reissued an “equal weight” rating on shares of Legal & General Group in a research report on Wednesday, May 11th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 325 ($4.09) target price on shares of Legal & General Group in a research report on Thursday, March 10th. Deutsche Bank Aktiengesellschaft raised their target price on Legal & General Group from GBX 320 ($4.03) to GBX 330 ($4.15) and gave the stock a “buy” rating in a research report on Monday, March 28th. Berenberg Bank reissued a “hold” rating and set a GBX 343 ($4.32) target price on shares of Legal & General Group in a research report on Wednesday, March 9th. Finally, Barclays cut their target price on Legal & General Group from GBX 406 ($5.11) to GBX 400 ($5.03) and set an “overweight” rating on the stock in a research report on Wednesday, March 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 342.83 ($4.31).

LGEN stock opened at GBX 260.25 ($3.27) on Friday. The company has a debt-to-equity ratio of 572.22, a current ratio of 0.52 and a quick ratio of 0.36. The firm has a market capitalization of £15.54 billion and a P/E ratio of 7.98. The business’s 50-day moving average is GBX 260.79 and its two-hundred day moving average is GBX 277.10. Legal & General Group has a 1 year low of GBX 225.49 ($2.84) and a 1 year high of GBX 309.90 ($3.90).

In other Legal & General Group news, insider Jeff Davies sold 79,116 shares of Legal & General Group stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of GBX 256 ($3.22), for a total value of £202,536.96 ($254,859.65). Also, insider George Lewis bought 1,089 shares of the stock in a transaction on Tuesday, May 3rd. The stock was bought at an average price of GBX 257 ($3.23) per share, for a total transaction of £2,798.73 ($3,521.74). In the last ninety days, insiders have acquired 3,066 shares of company stock worth $820,735 and have sold 624,917 shares worth $169,803,170.

Legal & General Group Company Profile (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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Analyst Recommendations for Legal & General Group (LON:LGEN)

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