Shares of Legal & General Group Plc (LON:LGEN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 225.93 ($2.75) and traded as high as GBX 234.90 ($2.86). Legal & General Group shares last traded at GBX 233.90 ($2.85), with a volume of 13,747,356 shares.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on LGEN. JPMorgan Chase & Co. lifted their price objective on Legal & General Group from GBX 290 ($3.53) to GBX 295 ($3.59) and gave the stock an "overweight" rating in a report on Friday, December 6th. Berenberg Bank reiterated a "buy" rating and issued a GBX 265 ($3.22) target price on shares of Legal & General Group in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft restated a "top pick" rating on shares of Legal & General Group in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 276.67 ($3.37).
Get Our Latest Analysis on Legal & General Group
Legal & General Group Trading Up 0.6 %
The company has a debt-to-equity ratio of 722.64, a quick ratio of 0.50 and a current ratio of 1.12. The firm has a market cap of £13.66 billion, a P/E ratio of 4,678.00, a P/E/G ratio of 2.34 and a beta of 1.31. The firm has a 50 day simple moving average of GBX 225.64 and a 200 day simple moving average of GBX 225.93.
Insider Activity
In other Legal & General Group news, insider Henrietta Baldock purchased 1,118 shares of the stock in a transaction on Monday, December 2nd. The shares were purchased at an average price of GBX 221 ($2.69) per share, with a total value of £2,470.78 ($3,006.18). Also, insider John Kingman acquired 716 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was bought at an average price of GBX 230 ($2.80) per share, for a total transaction of £1,646.80 ($2,003.65). Over the last ninety days, insiders bought 2,590 shares of company stock worth $576,566. 0.88% of the stock is owned by company insiders.
About Legal & General Group
(
Get Free Report)
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.
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