Legal & General Group’s (LGEN) “Underperform” Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reissued their underperform rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 200 price target on the financial services provider’s stock.

Separately, JPMorgan Chase & Co. lowered shares of Legal & General Group to a “neutral” rating and cut their target price for the company from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Legal & General Group currently has an average rating of “Moderate Buy” and an average price target of GBX 246.67.

Legal & General Group Stock Performance

Shares of LON LGEN opened at GBX 237.53 on Tuesday. The firm has a 50 day moving average of GBX 254.87 and a 200 day moving average of GBX 247.02. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18. The firm has a market capitalization of £13.42 billion, a price-to-earnings ratio of 8,305.35, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a 12-month low of GBX 206.80 and a 12-month high of GBX 266.20.

Legal & General Group (LON:LGEN) last announced its earnings results on Wednesday, August 6th. The financial services provider reported GBX 4.48 earnings per share (EPS) for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, research analysts anticipate that Legal & General Group will post 24.2376446 earnings per share for the current year.

Insiders Place Their Bets

In other Legal & General Group news, insider Jeff Davies sold 186,737 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of GBX 260, for a total value of £485,516.20. Also, insider Clare Bousfield purchased 1,241 shares of the company’s stock in a transaction on Friday, June 13th. The stock was purchased at an average price of GBX 251 per share, with a total value of £3,114.91. Over the last quarter, insiders purchased 33,341 shares of company stock valued at $8,502,352. Insiders own 0.57% of the company’s stock.

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.