Legal & General Group (LON:LGEN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Legal & General Group Plc (LON:LGEN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 228.62 ($2.89) and traded as high as GBX 234.27 ($2.96). Legal & General Group shares last traded at GBX 232.20 ($2.93), with a volume of 7,117,895 shares.

Analyst Ratings Changes

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 265 ($3.34) target price on shares of Legal & General Group in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Legal & General Group has a consensus rating of “Moderate Buy” and an average price target of GBX 276.67 ($3.49).

Legal & General Group Stock Performance

The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64. The firm has a market capitalization of £13.56 billion, a P/E ratio of 4,644.00, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company’s 50 day moving average is GBX 224.06 and its 200-day moving average is GBX 228.65.

Insider Activity

In other Legal & General Group news, insider Henrietta Baldock purchased 1,118 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of GBX 221 ($2.79) per share, with a total value of £2,470.78 ($3,118.49). Also, insider John Kingman purchased 756 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of GBX 218 ($2.75) per share, with a total value of £1,648.08 ($2,080.12). Over the last 90 days, insiders have purchased 2,600 shares of company stock worth $575,962. Company insiders own 0.88% of the company’s stock.

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.