Citigroup Issues Positive Forecast for Legal & General Group (LON:LGEN) Stock Price

Legal & General Group (LON:LGEN) had its target price raised by Citigroup from GBX 243 to GBX 249 in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on LGEN. Royal Bank Of Canada raised their target price on Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a research note on Monday. The Goldman Sachs Group upped their price target 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. Finally, Berenberg Bank restated a “buy” rating and set a GBX 308 price objective on shares of Legal & General Group in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Legal & General Group currently has a consensus rating of “Hold” and an average price target of GBX 261.67.

Legal & General Group Price Performance

LGEN opened at GBX 238.30 on Tuesday. The business has a 50 day moving average price of GBX 261.24 and a two-hundred day moving average price of GBX 250.59. The company has a market capitalization of £13.42 billion, a price-to-earnings ratio of 53.43, 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 206.80 and a 1-year high of GBX 279.50.

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

Legal & General Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 11th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Ric Lewis purchased 868 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average price of GBX 261 per share, with a total value of £2,265.48. Also, insider Mark Jordy acquired 1,006 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were bought at an average price of GBX 261 per share, for a total transaction of £2,625.66. Over the last quarter, insiders have acquired 10,428 shares of company stock worth $2,757,069. Company insiders own 0.59% of the company’s stock.

Legal & General Group News Roundup

Here are the key news stories impacting Legal & General Group this week:

• Positive Sentiment: Company cancelled 7.2 million repurchased shares, reducing share count and supporting per‑share metrics — a clear capital-return action that investors usually view favorably. Article Title
• Neutral Sentiment: Citigroup raised its price target on LGEN to GBX 249 but kept a “neutral” rating, a modest signal of improved outlook without an upgrade. Article Title
• Neutral Sentiment: Royal Bank of Canada raised its target from GBX 205 to GBX 220 but retained an “underperform” rating — the higher target is not a change in conviction and is mixed for sentiment. Article Title
• Negative Sentiment: Insider António Simões sold 120,226 shares at an average of GBX 240 (~£288.5k). Insider selling can be perceived negatively, especially given the size relative to typical insider trades. Article Title
• Negative Sentiment: Legal & General disclosed an additional share sale by its Group Chief Risk Officer, another insider disposition that may weigh on near‑term sentiment. Article Title

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.