Deutsche Bank Reaffirms “Buy” Rating for Legal & General Group (LON:LGEN)

Deutsche Bank reaffirmed their buy rating on shares of Legal & General Group (LON:LGEN) in a report issued on Friday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Vermilion Energy from C$42.00 to C$43.00 in a research report on Monday, May 13th. UBS Group upped their price target on shares of Zscaler from $60.00 to $70.00 and gave the stock a neutral rating in a research report on Friday, May 31st. Shore Capital reaffirmed a buy rating on shares of in a research report on Thursday, June 6th. Finally, Jefferies Financial Group reaffirmed a buy rating and set a GBX 265 ($3.46) price target on shares of WM Morrison Supermarkets in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 298.11 ($3.90).

Shares of LGEN stock opened at GBX 270.40 ($3.53) on Friday. Legal & General Group has a one year low of GBX 221.80 ($2.90) and a one year high of GBX 292.30 ($3.82). The company has a quick ratio of 0.59, a current ratio of 1.62 and a debt-to-equity ratio of 57.19. The stock’s 50 day moving average is GBX 266.83. The firm has a market capitalization of $16.13 billion and a price-to-earnings ratio of 8.84.

In other news, insider Nigel Wilson sold 523,530 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of GBX 291 ($3.80), for a total value of £1,523,472.30 ($1,990,686.40). Also, insider John Kingman acquired 649 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was acquired at an average cost of GBX 253 ($3.31) per share, with a total value of £1,641.97 ($2,145.52). Insiders bought 2,810 shares of company stock valued at $756,685 in the last three months.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

Further Reading: Recession

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

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