Legal & General Group (LON:LGEN) Price Target Raised to GBX 290 at Deutsche Bank Aktiengesellschaft

Legal & General Group (LON:LGENGet Rating) had its price objective upped by Deutsche Bank Aktiengesellschaft from GBX 285 ($3.37) to GBX 290 ($3.43) in a research note issued to investors on Monday morning, Marketbeat reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on LGEN. JPMorgan Chase & Co. restated an overweight rating and set a GBX 375 ($4.43) price objective on shares of Legal & General Group in a research report on Wednesday, October 5th. Barclays restated an overweight rating and set a GBX 390 ($4.61) price objective on shares of Legal & General Group in a research report on Monday. Berenberg Bank upgraded shares of Legal & General Group to a buy rating and raised their price objective for the company from GBX 343 ($4.06) to GBX 345 ($4.08) in a research report on Wednesday, July 27th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a GBX 310 ($3.67) target price on shares of Legal & General Group in a research report on Thursday, August 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of GBX 339.83 ($4.02).

Legal & General Group Stock Performance

Legal & General Group stock opened at GBX 261.30 ($3.09) on Monday. The firm’s fifty day moving average price is GBX 237.50 and its 200-day moving average price is GBX 248.43. The company has a debt-to-equity ratio of 452.13, a quick ratio of 0.50 and a current ratio of 0.90. The stock has a market cap of £15.61 billion and a P/E ratio of 766.18. Legal & General Group has a fifty-two week low of GBX 191.37 ($2.26) and a fifty-two week high of GBX 309.90 ($3.66).

Insider Buying and Selling

In other Legal & General Group news, insider Henrietta Baldock bought 1,096 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average price of GBX 214 ($2.53) per share, for a total transaction of £2,345.44 ($2,773.37). In other news, insider Henrietta Baldock purchased 1,096 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were acquired at an average price of GBX 214 ($2.53) per share, with a total value of £2,345.44 ($2,773.37). Also, insider Nilufer von Bismarck purchased 2,545 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was purchased at an average cost of GBX 237 ($2.80) per share, for a total transaction of £6,031.65 ($7,132.14). Insiders have acquired a total of 4,597 shares of company stock worth $1,071,929 in the last 90 days.

About Legal & General Group

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Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).

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