JPMorgan Chase & Co. Raises Legal & General Group (LON:LGEN) Price Target to GBX 284

Legal & General Group (LON:LGEN) had its target price boosted by JPMorgan Chase & Co. from GBX 269 ($3.54) to GBX 284 ($3.74) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 8.06% from the stock’s current price.

A number of other research firms have also recently weighed in on LGEN. UBS Group reaffirmed a “sell” rating and set a GBX 210 ($2.76) target price (up previously from GBX 200 ($2.63)) on shares of Legal & General Group in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their target price on shares of Legal & General Group from GBX 257 ($3.38) to GBX 271 ($3.56) and gave the stock a “hold” rating in a research note on Thursday, November 28th. Barclays reaffirmed an “overweight” rating on shares of Legal & General Group in a research note on Monday, December 16th. Deutsche Bank boosted their target price on shares of Legal & General Group from GBX 290 ($3.81) to GBX 335 ($4.41) and gave the stock a “buy” rating in a research note on Monday. Finally, Goldman Sachs Group boosted their price objective on shares of Legal & General Group from GBX 245 ($3.22) to GBX 260 ($3.42) and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Legal & General Group has a consensus rating of “Hold” and a consensus target price of GBX 293.70 ($3.86).

Shares of LON LGEN traded up GBX 0.80 ($0.01) during midday trading on Tuesday, reaching GBX 308.90 ($4.06). 7,010,105 shares of the company were exchanged, compared to its average volume of 20,180,000. The stock’s 50-day moving average price is GBX 294.98 and its 200-day moving average price is GBX 264.65. The stock has a market cap of $18.38 billion and a P/E ratio of 9.53. Legal & General Group has a one year low of GBX 210.70 ($2.77) and a one year high of GBX 324.70 ($4.27). The company has a quick ratio of 0.45, a current ratio of 1.45 and a debt-to-equity ratio of 51.72.

In other Legal & General Group news, insider George Lewis acquired 394 shares of Legal & General Group stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of GBX 265 ($3.49) per share, with a total value of £1,044.10 ($1,373.45). Also, insider Toby Strauss acquired 893 shares of Legal & General Group stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average cost of GBX 308 ($4.05) per share, for a total transaction of £2,750.44 ($3,618.05). In the last three months, insiders purchased 2,266 shares of company stock worth $654,553.

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.

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

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