Legal & General Group Plc (LON:LGEN) Receives GBX 261.67 Consensus Price Target from Analysts

Legal & General Group Plc (LON:LGEN) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 261.67.

LGEN has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of Legal & General Group from GBX 249 to GBX 263 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Citigroup boosted their price objective on shares of Legal & General Group from GBX 243 to GBX 249 and gave the company a “neutral” rating in a report on Tuesday, March 24th. Royal Bank Of Canada boosted their price objective on shares of Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a report on Monday, March 23rd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 308 price objective on shares of Legal & General Group in a report on Thursday, March 12th.

Insider Buying and Selling

In other Legal & General Group news, insider Andrew Kail sold 85,011 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 255, for a total value of £216,778.05. Also, insider Ric Lewis purchased 851 shares of the stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of GBX 267 per share, for a total transaction of £2,272.17. Insiders bought 6,884 shares of company stock valued at $1,831,202 in the last 90 days. 0.59% of the stock is currently owned by insiders.

Legal & General Group Price Performance

Shares of LGEN opened at GBX 270.36 on Friday. The firm has a market capitalization of £15.17 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. Legal & General Group has a 1-year low of GBX 217.20 and a 1-year high of GBX 279.50. The company’s fifty day moving average price is GBX 257.83 and its 200-day moving average price is GBX 253.10.

Legal & General Group (LON:LGEN) last announced its quarterly earnings data on Wednesday, March 11th. The financial services provider reported GBX 831 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 15.89%. As a group, research analysts anticipate that Legal & General Group will post 24.2376446 EPS for the current fiscal year.

Legal & General Group announced that its board has approved a stock repurchase plan on Wednesday, March 11th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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.