Legal & General Group Plc (LGEN) Receives Consensus Recommendation of “Hold” from Brokerages

Legal & General Group Plc (LON:LGEN) has been given an average rating of “Hold” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 266.19 ($3.56).

A number of equities analysts have issued reports on LGEN shares. Deutsche Bank restated a “hold” rating on shares of Legal & General Group in a report on Friday, September 8th. Jefferies Group increased their target price on Legal & General Group from GBX 249 ($3.33) to GBX 253 ($3.38) and gave the stock a “hold” rating in a report on Monday, September 11th. Barclays cut their target price on Legal & General Group from GBX 280 ($3.74) to GBX 279 ($3.73) and set an “overweight” rating on the stock in a report on Monday, September 11th. Goldman Sachs Group cut their target price on Legal & General Group from GBX 255 ($3.41) to GBX 250 ($3.34) and set a “neutral” rating on the stock in a report on Tuesday, September 12th. Finally, Citigroup upgraded Legal & General Group to a “buy” rating and set a GBX 296 ($3.96) target price on the stock in a report on Thursday, November 2nd.

In related news, insider John Kingman acquired 1,282 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were acquired at an average cost of GBX 273 ($3.65) per share, for a total transaction of £3,499.86 ($4,679.58). Also, insider Toby Strauss bought 950 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of GBX 264 ($3.53) per share, with a total value of £2,508 ($3,353.39). Over the last 90 days, insiders have acquired 2,842 shares of company stock worth $764,876.

Legal & General Group (LGEN) traded up GBX 1.80 ($0.02) during trading on Friday, hitting GBX 271.80 ($3.63). The company’s stock had a trading volume of 9,283,332 shares, compared to its average volume of 12,820,000. The company has a market cap of $16,090.00 and a PE ratio of 1,045.38. Legal & General Group has a 52-week low of GBX 231.60 ($3.10) and a 52-week high of GBX 279.90 ($3.74).

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Legal & General Group Company Profile

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

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

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