Legal & General Group Plc (LON:LGEN) Given Average Recommendation of “Hold” by Brokerages

Shares of Legal & General Group Plc (LON:LGEN) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 256.13 ($3.34).

A number of research analysts have weighed in on LGEN shares. Berenberg Bank reissued a “buy” rating and issued a GBX 301 ($3.92) target price on shares of Legal & General Group Plc in a research note on Tuesday, April 25th. Credit Suisse Group started coverage on shares of Legal & General Group Plc in a research note on Thursday, April 27th. They issued an “underperform” rating and a GBX 215 ($2.80) target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 310 ($4.04) target price on shares of Legal & General Group Plc in a research note on Thursday, April 27th. Macquarie reissued an “underperform” rating and issued a GBX 201 ($2.62) target price on shares of Legal & General Group Plc in a research note on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) raised their target price on shares of Legal & General Group Plc from GBX 220 ($2.86) to GBX 240 ($3.13) and gave the stock a “neutral” rating in a research note on Monday, May 8th.

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In related news, insider Toby Strauss bought 934 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was purchased at an average price of GBX 269 ($3.50) per share, for a total transaction of £2,512.46 ($3,271.86). Also, insider John Kingman bought 646 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was bought at an average price of GBX 254 ($3.31) per share, with a total value of £1,640.84 ($2,136.79). Insiders purchased a total of 2,603 shares of company stock valued at $678,197 in the last quarter.

Legal & General Group Plc (LGEN) traded up 0.33% during midday trading on Tuesday, hitting GBX 276.00. The company had a trading volume of 9,612,407 shares. The company has a 50 day moving average price of GBX 262.97 and a 200 day moving average price of GBX 252.52. Legal & General Group Plc has a 1-year low of GBX 187.00 and a 1-year high of GBX 276.80. The firm’s market capitalization is GBX 16.38 billion.

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).

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

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