Legal & General Group (LON:LGEN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Legal & General Group Plc (LON:LGEN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LGEN. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 265 ($3.34) price target on shares of Legal & General Group in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft reissued a "top pick" rating on shares of Legal & General Group in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price 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 report on Friday, December 6th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of GBX 276.67 ($3.49).

Legal & General Group Stock Up 0.1 %

The firm has a 50-day simple moving average of GBX 224.06 and a two-hundred day simple moving average of GBX 228.65. The stock has a market cap of £13.56 billion, a P/E ratio of 4,644.00, a PEG ratio of 2.34 and a beta of 1.31. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 722.64.

Insider Activity at Legal & General Group

In other Legal & General Group news, insider Henrietta Baldock bought 1,118 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were purchased at an average price of GBX 221 ($2.79) per share, for a total transaction of £2,470.78 ($3,118.49). Also, insider John Kingman acquired 756 shares of Legal & General Group stock in a transaction on Friday, November 1st. The stock was acquired at an average price of GBX 218 ($2.75) per share, with a total value of £1,648.08 ($2,080.12). Insiders purchased 2,600 shares of company stock worth $575,962 over the last three months. 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.