Legal & General Group (LON:LGEN) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Legal & General Group Plc (LON:LGEN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 247.95 and traded as high as GBX 265.20. Legal & General Group shares last traded at GBX 261, with a volume of 571,205,563 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 255 price target on shares of Legal & General Group in a research note on Wednesday, October 15th. Royal Bank Of Canada raised their target price on shares of Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a research report on Monday, November 3rd. Finally, Berenberg Bank boosted their price target on shares of Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. 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 Stock Performance

The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The firm has a market cap of £14.67 billion, a P/E ratio of 58.43, a P/E/G ratio of 2.34 and a beta of 1.31. The business has a fifty day simple moving average of GBX 250.42 and a 200-day simple moving average of GBX 247.95.

Legal & General Group (LON:LGEN) last announced its earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 EPS for the quarter. Legal & General Group had a net margin of 0.67% and a return on equity of 7.79%. On average, sell-side analysts predict that Legal & General Group Plc will post 24.2376446 EPS for the current fiscal year.

Insiders Place Their Bets

In other Legal & General Group news, insider António Simões sold 47,433 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of GBX 262, for a total transaction of £124,274.46. Also, insider Laura Wade-Gery purchased 957 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was bought at an average cost of GBX 261 per share, for a total transaction of £2,497.77. In the last quarter, insiders have bought 11,205 shares of company stock valued at $2,784,641. 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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.