Legal & General Group (LON:LGEN) Earns Buy Rating from Berenberg Bank

Legal & General Group (LON:LGEN)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Monday,London Stock Exchange reports. They currently have a GBX 265 ($3.34) price objective on the financial services provider’s stock. Berenberg Bank’s target price indicates a potential upside of 11.06% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the stock an “overweight” rating in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 267 ($3.37).

Legal & General Group Stock Up 0.5 %

LGEN traded up GBX 1.20 ($0.02) during trading on Monday, hitting GBX 238.60 ($3.01). 13,250,822 shares of the company’s stock were exchanged, compared to its average volume of 17,666,875. The stock has a market cap of £13.98 billion, a P/E ratio of 44.05, a PEG ratio of 2.34 and a beta of 1.31. The business’s 50 day moving average is GBX 232.97 and its two-hundred day moving average is GBX 227.54. Legal & General Group has a fifty-two week low of GBX 211.40 ($2.67) and a fifty-two week high of GBX 266.20 ($3.36). The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18.

Insider Transactions at Legal & General Group

In other news, insider John Kingman purchased 716 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were acquired at an average price of GBX 230 ($2.90) per share, with a total value of £1,646.80 ($2,078.24). Also, insider Henrietta Baldock acquired 1,118 shares of the stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of GBX 221 ($2.79) per share, with a total value of £2,470.78 ($3,118.10). In the last ninety days, insiders purchased 2,880 shares of company stock valued at $658,614. Insiders own 0.88% of the company’s stock.

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.