Legal & General Group (LON:LGEN) Earns Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Monday, Marketbeat.com reports. Berenberg Bank currently has a GBX 265 ($3.36) price target on the financial services provider’s stock.

A number of other equities analysts have also issued reports on LGEN. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their price objective on Legal & General Group from GBX 290 ($3.68) to GBX 295 ($3.74) and gave the stock an “overweight” rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 267 ($3.39).

Legal & General Group Stock Up 2.1 %

Shares of LON LGEN opened at GBX 243.60 ($3.09) on Monday. Legal & General Group has a 12-month low of GBX 211.40 ($2.68) and a 12-month high of GBX 266.20 ($3.38). The firm’s 50-day simple moving average is GBX 233.57 and its 200 day simple moving average is GBX 227.71. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. The company has a market cap of £14.28 billion, a price-to-earnings ratio of 44.97, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31.

Insider Buying and Selling at Legal & General Group

In related news, insider Henrietta Baldock purchased 1,046 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were bought at an average price of GBX 236 ($2.99) per share, with a total value of £2,468.56 ($3,130.70). Also, insider John Kingman bought 716 shares of Legal & General Group stock in a transaction on Thursday, January 2nd. The shares were bought at an average price of GBX 230 ($2.92) per share, for a total transaction of £1,646.80 ($2,088.52). In the last three months, insiders have acquired 2,880 shares of company stock worth $658,614. Company insiders own 0.88% of the company’s stock.

Legal & General Group Company Profile

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.