Jefferies Financial Group Reiterates “Buy” Rating for Legal & General Group (LON:LGEN)

Legal & General Group (LON:LGEN – Get Rating)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued on Monday, MarketBeat Ratings reports. They currently have a GBX 335 ($4.17) price target on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 41.05% from the company’s current price.

Other research analysts have also issued reports about the company. Morgan Stanley restated an “equal weight” rating and set a GBX 285 ($3.54) price target on shares of Legal & General Group in a research report on Tuesday, March 28th. Royal Bank of Canada restated an “overweight” rating on shares of Legal & General Group in a report on Tuesday, March 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 355 ($4.42) price target on shares of Legal & General Group in a research note on Tuesday, April 11th. Barclays lowered their price objective on shares of Legal & General Group from GBX 397 ($4.94) to GBX 390 ($4.85) and set an “overweight” rating for the company in a research note on Tuesday, February 14th. Finally, Berenberg Bank downgraded shares of Legal & General Group to a “hold” rating and cut their target price for the stock from GBX 345 ($4.29) to GBX 290 ($3.61) in a research note on Monday, January 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 322.14 ($4.01).

Legal & General Group Stock Performance

LON:LGEN opened at GBX 237.50 ($2.95) on Monday. Legal & General Group has a fifty-two week low of GBX 201.40 ($2.50) and a fifty-two week high of GBX 287.90 ($3.58). The company has a debt-to-equity ratio of 619.54, a quick ratio of 0.50 and a current ratio of 0.88. The company has a 50 day moving average price of GBX 237.48 and a 200 day moving average price of GBX 248.62. The stock has a market capitalization of £14.18 billion, a P/E ratio of 659.72, a PEG ratio of 2.34 and a beta of 1.37.

Insider Activity at Legal & General Group

In other news, insider Henrietta Baldock purchased 936 shares of the stock in a transaction on Wednesday, March 1st. The stock was bought at an average price of GBX 256 ($3.18) per share, for a total transaction of £2,396.16 ($2,980.30). In related news, insider Nigel Wilson sold 153,233 shares of the business’s stock in a transaction that occurred on Friday, April 14th. The stock was sold at an average price of GBX 250 ($3.11), for a total transaction of £383,082.50 ($476,470.77). Also, insider Henrietta Baldock purchased 936 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was acquired at an average cost of GBX 256 ($3.18) per share, with a total value of £2,396.16 ($2,980.30). Over the last 90 days, insiders have bought 1,710 shares of company stock valued at $424,878 and have sold 328,169 shares valued at $82,318,714. 0.95% of the stock is owned by corporate insiders.

Legal & General Group Company Profile

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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).