Legal & General Group Plc (LON:LGEN) Receives GBX 319.50 Average Target Price from Analysts

Shares of Legal & General Group Plc (LON:LGEN) have received an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 319.50 ($4.17).

LGEN has been the subject of a number of research reports. UBS Group raised their price objective on Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Shore Capital restated a “buy” rating on shares of in a research report on Thursday, June 6th. Deutsche Bank restated a “buy” rating on shares of Synthomer in a research report on Friday. JPMorgan Chase & Co. raised their target price on Vermilion Energy from C$42.00 to C$43.00 in a research report on Monday, May 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 265 ($3.46) target price on shares of WM Morrison Supermarkets in a research report on Monday, April 29th.

LGEN opened at GBX 272.10 ($3.56) on Tuesday. The firm has a market cap of $16.23 billion and a price-to-earnings ratio of 8.89. The firm has a 50 day simple moving average of GBX 267. The company has a debt-to-equity ratio of 57.19, a current ratio of 1.62 and a quick ratio of 0.59. Legal & General Group has a 12-month low of GBX 221.80 ($2.90) and a 12-month high of GBX 292.30 ($3.82).

In related news, insider Nigel Wilson sold 523,530 shares of Legal & General Group stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of GBX 291 ($3.80), for a total transaction of £1,523,472.30 ($1,990,686.40). Also, insider John Kingman acquired 1,574 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average cost of GBX 272 ($3.55) per share, with a total value of £4,281.28 ($5,594.25). Insiders bought a total of 2,810 shares of company stock valued at $756,685 over the last three months.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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Analyst Recommendations for Legal & General Group (LON:LGEN)

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