Legal & General Group Plc (LON:LGEN) Receives Consensus Recommendation of “Buy” from Analysts


Shares of Legal & General Group Plc (LON:LGENGet Rating) have received a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Three 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 brokerages that have updated their coverage on the stock in the last year is GBX 347.83 ($4.29).

Several analysts have commented on LGEN shares. Berenberg Bank reissued a “hold” rating and set a GBX 343 ($4.23) price target on shares of Legal & General Group in a research report on Wednesday, March 9th. Barclays dropped their price target on Legal & General Group from GBX 406 ($5.01) to GBX 400 ($4.93) and set an “overweight” rating on the stock in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Legal & General Group from GBX 320 ($3.95) to GBX 330 ($4.07) and gave the stock a “buy” rating in a report on Monday, March 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 360 ($4.44) price objective on shares of Legal & General Group in a report on Friday, April 1st. Finally, Morgan Stanley reduced their target price on shares of Legal & General Group from GBX 330 ($4.07) to GBX 329 ($4.06) and set an “equal weight” rating for the company in a research report on Tuesday, April 5th.

LGEN opened at GBX 238.50 ($2.94) on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 572.22. The stock’s fifty day moving average is GBX 262.77 and its two-hundred day moving average is GBX 280.06. The company has a market capitalization of £14.24 billion and a P/E ratio of 7.32. Legal & General Group has a 52 week low of GBX 225.49 ($2.78) and a 52 week high of GBX 309.90 ($3.82).

The business also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Thursday, April 21st will be paid a dividend of GBX 13.27 ($0.16) per share. The ex-dividend date is Thursday, April 21st. This is an increase from Legal & General Group’s previous dividend of $5.18. This represents a yield of 5.41%. Legal & General Group’s dividend payout ratio is currently 0.55%.

In related news, insider Nigel Wilson sold 306,024 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of GBX 274 ($3.38), for a total value of £838,505.76 ($1,033,788.39). Also, insider Jeff Davies sold 79,116 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of GBX 256 ($3.16), for a total value of £202,536.96 ($249,706.52). Over the last ninety days, insiders have acquired 3,066 shares of company stock valued at $820,735 and have sold 624,917 shares valued at $169,803,170.

About Legal & General Group (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).

Further Reading

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



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Legal & General Group Plc (LON:LGEN) Receives Consensus Recommendation of “Buy” from Analysts