The Goldman Sachs Group Issues Positive Forecast for Legal & General Group (LON:LGEN) Stock Price

Legal & General Group (LON:LGEN) had its price target upped by The Goldman Sachs Group from GBX 249 to GBX 263 in a report published on Wednesday, MarketBeat.com reports. The firm currently has a neutral rating on the financial services provider’s stock.

LGEN has been the topic of a number of other research reports. Berenberg Bank upped their price target on shares of Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a research note on Friday, October 10th. Royal Bank Of Canada lifted their target price on shares of Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a report on Monday, November 3rd. Finally, Peel Hunt reiterated an “add” rating and set a GBX 255 price target on shares of Legal & General Group in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 258.40.

Legal & General Group Stock Down 0.4%

LGEN stock opened at GBX 261.32 on Wednesday. The business has a 50 day moving average of GBX 252.97 and a 200 day moving average of GBX 248.49. The firm has a market cap of £14.71 billion, a PE ratio of 58.59, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. Legal & General Group has a twelve month low of GBX 206.80 and a twelve month high of GBX 269.40. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18.

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

Insiders Place Their Bets

In other news, insider Mark Jordy acquired 1,006 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was bought at an average price of GBX 261 per share, with a total value of £2,625.66. Also, insider António Simões sold 47,433 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of GBX 262, for a total value of £124,274.46. Insiders have purchased a total of 11,205 shares of company stock worth $2,784,641 in the last 90 days. 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. 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.