Legal & General Group (LON:LGEN) PT Lowered to GBX 269 at JPMorgan Chase & Co.

Legal & General Group (LON:LGEN) had its price target decreased by JPMorgan Chase & Co. from GBX 285 ($3.72) to GBX 269 ($3.51) in a research report released on Monday, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

LGEN has been the topic of several other reports. Credit Suisse Group boosted their target price on Legal & General Group from GBX 215 ($2.81) to GBX 224 ($2.93) and gave the stock an underperform rating in a research note on Monday, July 22nd. Deutsche Bank reissued a buy rating on shares of Legal & General Group in a report on Tuesday, September 3rd. Barclays boosted their price objective on Legal & General Group from GBX 320 ($4.18) to GBX 331 ($4.33) and gave the company an overweight rating in a report on Tuesday, September 3rd. UBS Group reissued a sell rating and issued a GBX 200 ($2.61) price objective (down previously from GBX 215 ($2.81)) on shares of Legal & General Group in a report on Thursday, September 5th. Finally, Royal Bank of Canada boosted their price objective on Legal & General Group from GBX 350 ($4.57) to GBX 360 ($4.70) and gave the company a top pick rating in a report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 291.56 ($3.81).

LGEN opened at GBX 246.30 ($3.22) on Monday. The stock’s fifty day moving average is GBX 235.09 and its two-hundred day moving average is GBX 264.15. The company has a market capitalization of $14.69 billion and a P/E ratio of 7.60. Legal & General Group has a 52 week low of GBX 214.90 ($2.81) and a 52 week high of GBX 292.30 ($3.82). The company has a quick ratio of 0.45, a current ratio of 1.45 and a debt-to-equity ratio of 51.72.

The business also recently disclosed a dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, August 15th will be issued a GBX 4.93 ($0.06) dividend. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 2.03%. Legal & General Group’s dividend payout ratio (DPR) is presently 0.52%.

In other Legal & General Group news, insider John Kingman purchased 1,574 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average price of GBX 272 ($3.55) per share, for a total transaction of £4,281.28 ($5,594.25). Also, insider Henrietta Baldock purchased 711 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of GBX 261 ($3.41) per share, with a total value of £1,855.71 ($2,424.81). In the last three months, insiders bought 3,527 shares of company stock valued at $888,181.

Legal & General Group Company Profile

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.

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

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