Legal & General Group Plc (LON:LGEN) Given “Buy” Rating at Shore Capital

Shore Capital restated their buy rating on shares of Legal & General Group Plc (LON:LGEN) in a research note released on Wednesday.

A number of other brokerages also recently weighed in on LGEN. Goldman Sachs Group, Inc. (The) raised their price objective on Legal & General Group Plc from GBX 240 ($3.13) to GBX 255 ($3.32) and gave the company a neutral rating in a research note on Tuesday, July 4th. J P Morgan Chase & Co reissued an underweight rating on shares of Legal & General Group Plc in a research note on Monday, May 22nd. Credit Suisse Group initiated coverage on Legal & General Group Plc in a research note on Thursday, April 27th. They issued an underperform rating and a GBX 215 ($2.80) price objective on the stock. Macquarie reissued an underperform rating and issued a GBX 201 ($2.62) price objective on shares of Legal & General Group Plc in a research note on Thursday, May 4th. Finally, Canaccord Genuity raised their price objective on Legal & General Group Plc from GBX 235 ($3.06) to GBX 245 ($3.19) and gave the company a hold rating in a research note on Tuesday, May 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 256.76 ($3.34).

Legal & General Group Plc (LGEN) opened at 269.00 on Wednesday. The stock’s market cap is GBX 15.96 billion. Legal & General Group Plc has a 12-month low of GBX 204.00 and a 12-month high of GBX 279.90. The firm has a 50-day moving average price of GBX 264.36 and a 200-day moving average price of GBX 253.35.

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The firm also recently announced a dividend, which will be paid on Thursday, September 21st. Shareholders of record on Thursday, August 17th will be issued a GBX 4.30 ($0.06) dividend. This represents a yield of 1.58%. The ex-dividend date is Thursday, August 17th.

In other Legal & General Group Plc news, insider Toby Strauss bought 934 shares of the stock in a transaction on Tuesday, August 1st. The shares were purchased at an average price of GBX 269 ($3.50) per share, with a total value of £2,512.46 ($3,271.86). Also, insider John Kingman bought 646 shares of the stock in a transaction on Thursday, June 1st. The stock was acquired at an average cost of GBX 254 ($3.31) per share, for a total transaction of £1,640.84 ($2,136.79). Insiders acquired a total of 2,603 shares of company stock worth $678,197 in the last ninety days.

Legal & General Group Plc Company Profile

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

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