Brokerages Set Legal & General Group Plc (LON:LGEN) PT at GBX 261.67

Legal & General Group Plc (LON:LGEN) has received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 261.67.

Several equities research analysts recently commented on LGEN shares. Royal Bank Of Canada lifted their price target on shares of Legal & General Group from GBX 205 to GBX 220 and gave the stock an “underperform” rating in a research note on Monday. The Goldman Sachs Group raised their price objective on Legal & General Group from GBX 249 to GBX 263 and gave the stock a “neutral” rating in a report on Wednesday, January 21st. Citigroup lifted their target price on Legal & General Group from GBX 243 to GBX 249 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 308 target price on shares of Legal & General Group in a report on Thursday, March 12th.

Insider Buying and Selling

In other Legal & General Group news, insider Laura Wade-Gery bought 938 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of GBX 267 per share, with a total value of £2,504.46. Also, insider Ric Lewis bought 851 shares of the business’s stock in a transaction dated 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 have bought 10,428 shares of company stock valued at $2,757,069 in the last 90 days. Company insiders own 0.59% of the company’s stock.

Legal & General Group Stock Down 0.6%

Shares of Legal & General Group stock opened at GBX 241.60 on Tuesday. Legal & General Group has a 52 week low of GBX 206.80 and a 52 week high of GBX 279.50. The firm’s 50 day moving average is GBX 260.36 and its two-hundred day moving average is GBX 250.47. The firm has a market capitalization of £13.60 billion, a P/E ratio of 54.17, a P/E/G ratio of 2.34 and a beta of 0.81.

Legal & General Group (LON:LGEN) last issued 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 expect that Legal & General Group will post 24.2376446 earnings per share for the current fiscal year.

Legal & General Group declared that its board has approved a stock repurchase program on Wednesday, March 11th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.