Legal & General Group (LON:LGEN) Stock Passes Above 200 Day Moving Average of $250.53

Legal & General Group Plc (LON:LGENGet Rating) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 250.53 ($3.10) and traded as high as GBX 259 ($3.21). Legal & General Group shares last traded at GBX 256.80 ($3.18), with a volume of 15,631,298 shares traded.

Analyst Ratings Changes

Several research analysts have recently commented on LGEN shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Legal & General Group from GBX 285 ($3.53) to GBX 290 ($3.59) and gave the stock a “buy” rating in a report on Monday, November 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 375 ($4.64) target price on shares of Legal & General Group in a report on Wednesday, October 5th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 397 ($4.92) target price on shares of Legal & General Group in a report on Wednesday, November 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Legal & General Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 341 ($4.22).

Legal & General Group Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 452.13. The firm has a market cap of £15.34 billion and a price-to-earnings ratio of 755.29. The company’s 50-day moving average is GBX 254.62 and its 200-day moving average is GBX 250.53.

Insider Buying and Selling

In other news, insider Ric Lewis purchased 1,285 shares of Legal & General Group stock in a transaction that occurred on Tuesday, January 3rd. The shares were acquired at an average price of GBX 255 ($3.16) per share, for a total transaction of £3,276.75 ($4,056.89). In related news, insider Ric Lewis bought 1,285 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were purchased at an average price of GBX 255 ($3.16) per share, for a total transaction of £3,276.75 ($4,056.89). Also, insider Laura Wade-Gery bought 2,529 shares of the business’s stock in a transaction on Thursday, December 22nd. The stock was bought at an average price of GBX 254 ($3.14) per share, for a total transaction of £6,423.66 ($7,953.03). In the last 90 days, insiders have bought 8,784 shares of company stock worth $2,191,581.

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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