Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 229.01 ($2.97) and traded as high as GBX 250 ($3.24). Legal & General Group shares last traded at GBX 245 ($3.17), with a volume of 15,275,865 shares traded.
Analyst Ratings Changes
Several equities research analysts recently issued reports on LGEN shares. JPMorgan Chase & Co. upped their price target on Legal & General Group from GBX 290 ($3.76) to GBX 295 ($3.82) and gave the stock an "overweight" rating in a report on Friday, December 6th. Berenberg Bank reiterated a "buy" rating and set a GBX 265 ($3.43) price target on shares of Legal & General Group in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "top pick" rating on shares of Legal & General Group in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Legal & General Group presently has an average rating of "Moderate Buy" and an average price target of GBX 267 ($3.46).
Get Our Latest Stock Report on Legal & General Group
Legal & General Group Price Performance
The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. The stock has a market cap of £14.24 billion, a P/E ratio of 44.86, a P/E/G ratio of 2.34 and a beta of 1.31. The business has a 50 day simple moving average of GBX 237.42 and a 200-day simple moving average of GBX 229.27.
Legal & General Group (LON:LGEN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The financial services provider reported GBX 2.89 ($0.04) earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. On average, sell-side analysts forecast that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Legal & General Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, March 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
Insider Buying and Selling
In other news, insider Tushar Morzaria acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of GBX 241 ($3.12) per share, with a total value of £48,200 ($62,435.23). Also, insider John Kingman acquired 677 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of GBX 243 ($3.15) per share, for a total transaction of £1,645.11 ($2,130.97). In the last quarter, insiders have purchased 23,455 shares of company stock valued at $5,642,935. Corporate insiders own 0.88% of the company's stock.
Legal & General Group Company Profile
(
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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.
Further Reading
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