Legal & General Group (LON:LGEN) Earns “Add” Rating from Peel Hunt

Legal & General Group (LON:LGEN)‘s stock had its “add” rating reissued by equities researchers at Peel Hunt in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 255 price target on the financial services provider’s stock. Peel Hunt’s price target would indicate a potential upside of 6.87% from the company’s current price.

LGEN has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered shares of Legal & General Group to a “neutral” rating and dropped their price objective for the company from GBX 290 to GBX 275 in a report on Wednesday, August 13th. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 200 price objective on shares of Legal & General Group in a report on Tuesday, September 2nd. Finally, Berenberg Bank raised their price objective on shares of Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Legal & General Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 254.75.

Legal & General Group Stock Down 0.8%

Shares of LON LGEN opened at GBX 238.60 on Wednesday. The company has a 50 day simple moving average of GBX 243.83 and a 200 day simple moving average of GBX 245.73. The firm has a market cap of £13.43 billion, a PE ratio of 5,349.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a 1 year low of GBX 206.80 and a 1 year high of GBX 266.20. The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50.

Legal & General Group (LON:LGEN) last issued its quarterly earnings data 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 forecast that Legal & General Group will post 24.2376446 EPS for the current year.

Insider Buying and Selling at Legal & General Group

In other news, insider Ric Lewis bought 1,105 shares of the firm’s stock in a transaction on Monday, September 1st. The stock was acquired at an average price of GBX 247 per share, with a total value of £2,729.35. Also, insider Mark Jordy bought 1,027 shares of the firm’s stock in a transaction on Monday, September 1st. The shares were purchased at an average cost of GBX 247 per share, with a total value of £2,536.69. In the last three months, insiders have acquired 6,694 shares of company stock worth $1,676,204. Company insiders own 0.57% of the company’s stock.

About Legal & General Group

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.