Legal & General Group (LON:LGEN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Legal & General Group Plc (LON:LGEN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 246.99 and traded as high as GBX 251. Legal & General Group shares last traded at GBX 246.50, with a volume of 2,063,121,000 shares.

Wall Street Analysts Forecast Growth

LGEN has been the subject of several recent analyst reports. Peel Hunt restated an “add” rating and issued a GBX 255 target price on shares of Legal & General Group in a research note on Wednesday, October 15th. Royal Bank Of Canada lifted their price target on shares of Legal & General Group from GBX 200 to GBX 210 and gave the company an “underperform” rating in a research report on Monday, November 3rd. Berenberg Bank raised their price target on Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. downgraded shares of Legal & General Group to a “neutral” rating and reduced their price target for the company from GBX 290 to GBX 275 in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 257.25.

Legal & General Group Trading Down 0.7%

The business has a 50 day simple moving average of GBX 240.68 and a two-hundred day simple moving average of GBX 246.99. 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 company has a market cap of £13.77 billion, a PE ratio of 54.82, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

Insiders Place Their Bets

In related news, insider Ric Lewis purchased 928 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of GBX 244 per share, with a total value of £2,264.32. Also, insider Mark Jordy bought 1,076 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of GBX 244 per share, for a total transaction of £2,625.44. Insiders have purchased 7,744 shares of company stock worth $1,878,362 over the last 90 days. Corporate 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.