Shares of Legal & General Group Plc (LON:LGEN – Get Free Report) have been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 307.80 ($3.83).
LGEN has been the subject of several research analyst reports. Barclays cut their target price on shares of Legal & General Group from GBX 336 ($4.18) to GBX 325 ($4.05) and set an “overweight” rating for the company in a research note on Tuesday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Legal & General Group in a research report on Thursday, February 22nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 289 ($3.60) target price on shares of Legal & General Group in a research report on Friday, March 8th.
Read Our Latest Report on Legal & General Group
Insider Buying and Selling at Legal & General Group
Legal & General Group Stock Down 1.0 %
Shares of LGEN stock opened at GBX 242.50 ($3.02) on Friday. Legal & General Group has a 12 month low of GBX 203.10 ($2.53) and a 12 month high of GBX 259 ($3.22). The company has a quick ratio of 0.50, a current ratio of 4.70 and a debt-to-equity ratio of 1,372.51. The firm has a market cap of £14.50 billion, a PE ratio of 3,462.40, a price-to-earnings-growth ratio of 2.34 and a beta of 1.34. The stock has a 50 day moving average of GBX 245.92 and a 200-day moving average of GBX 238.11.
Legal & General Group Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 14.63 ($0.18) per share. This is a boost from Legal & General Group’s previous dividend of $5.71. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 5.96%. Legal & General Group’s dividend payout ratio (DPR) is currently 28,571.43%.
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.
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