Legal & General Group Plc (LON:LGEN – Get Rating) has been assigned an average recommendation of ‘moderate buy’ by the six research firms currently covering the company, MarketBeat reports. One analyst rated the stock with a hold recommendation and five analysts gave the company a buy recommendation. The average one-year price target for brokerages that published stock reports last year is GBX 346 ($4.18).
A few research analysts have been putting a lot of weight on stock prices lately. Deutsche Bank Aktiengesellschaft reiterated its ‘buy’ rating in a research note on Wednesday, Aug. 10, setting his GBX 330 ($3.99) price target on shares of the Legal & General Group. Royal Bank of Canada reiterated its ‘outperform’ rating and issued his GBX 310 ($3.75) target price for shares of the Legal & General Group in a report on Thursday, Aug. 11. Berenberg Bank upgraded its shares in Legal & General Group to ‘buy’ in a report on Wednesday, July 27, raising the company’s price target from GBX 343 ($4.14) to GBX 345 ($4.17). JPMorgan Chase & Company raised its legal and general group stock to an ‘overweight’ rating and the company’s price target from GBX 325 ($3.93) to GBX in a report on Monday, Aug. 8. We raised it to 365 ($4.41). Finally, Barclays reiterated its ‘Overweight’ rating in its Monday 8 August report and set his GBX 380 ($4.59) price target on shares of the Legal & General Group.
1.3% increase in inventory in legal and general groups
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LGEN shares opened at GBX 265.80 ($3.21) on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt to equity ratio of 452.13. His one-year low is GBX 225.49 ($2.72) and his one-year high is GBX 309.90 ($3.74) for Legal & General Group. The company has a 50-day moving average price of GBX 258.98 and a 200-day moving average price of GBX 257.96. The company has a market capitalization of £15.88 billion and a P/E ratio of 781.76.
Legal/general group reduced dividends
The business recently announced a dividend payable on Monday, September 26th. Shareholders of record on Thursday, August 18 will receive a dividend of GBX 5.44 ($0.07) per share. The ex-dividend date is Thursday, August 18. This represents a yield of 2%. The Legal & General Group’s dividend payout ratio is currently 54.26%.
In other news from the Legal & General Group, insider Henrietta Baldock purchased 956 shares of the company in a transaction on Thursday, September 1st. Shares were purchased at an average of 245 GBX ($2.96) per share, giving her a total of £2,342.20 ($2,830.11). In another news, the insider’s girlfriend, Henrietta Baldock, purchased 956 shares of the company’s stock in a transaction that took place on Thursday, September 1st. Shares were purchased at an average of 245 GBX ($2.96) per share, giving her a total of £2,342.20 ($2,830.11). Also, insider girlfriend Laura Wade-Gery bought 9,952 shares of the company’s stock in a deal that took place on Wednesday, June 15. Shares were purchased at an average price of 249 GBX ($3.01) per share for a total transaction value of £24,780.48 ($29,942.58). In the past 90 days, the insider has acquired 22,980 shares of her company stock worth $5,921,316.
About the legal and general group
Legal & General Group Plc offers a range of insurance products and services in the UK, US 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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