Legal & General Group Plc (LON:LGEN – Get Rating) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 347.83 ($4.53).
A number of analysts have commented on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 325 ($4.24) target price on shares of Legal & General Group in a report on Thursday, March 10th. Morgan Stanley lowered their target price on Legal & General Group from GBX 330 ($4.30) to GBX 329 ($4.29) and set an “equal weight” rating on the stock in a research report on Tuesday, April 5th. Barclays lowered their target price on Legal & General Group from GBX 406 ($5.29) to GBX 400 ($5.21) and set an “overweight” rating on the stock in a research report on Wednesday, March 9th. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 360 ($4.69) target price on shares of Legal & General Group in a research report on Friday, April 1st. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 343 ($4.47) target price on shares of Legal & General Group in a research report on Wednesday, March 9th.
Legal & General Group stock opened at GBX 274.40 ($3.58) on Friday. The firm has a market cap of £16.38 billion and a price-to-earnings ratio of 8.42. The stock has a fifty day simple moving average of GBX 270.57 and a two-hundred day simple moving average of GBX 283.23. Legal & General Group has a 12 month low of GBX 225.49 ($2.94) and a 12 month high of GBX 309.90 ($4.04). The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 572.22.
The firm also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, April 21st will be given a GBX 13.27 ($0.17) dividend. This represents a dividend yield of 5.41%. This is an increase from Legal & General Group’s previous dividend of $5.18. The ex-dividend date is Thursday, April 21st. Legal & General Group’s payout ratio is presently 0.55%.
In other news, insider Henrietta Baldock bought 836 shares of Legal & General Group stock in a transaction dated Tuesday, March 1st. The shares were purchased at an average cost of GBX 273 ($3.56) per share, with a total value of £2,282.28 ($2,974.04). Also, insider Jeff Davies sold 79,116 shares of Legal & General Group stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of GBX 256 ($3.34), for a total value of £202,536.96 ($263,926.19). Insiders bought 2,766 shares of company stock worth $769,672 over the last 90 days.
Legal & General Group Company Profile (Get Rating)
Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).
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