Legal & General Group (LON:LGEN) Stock Crosses Above Two Hundred Day Moving Average of $230.50

Legal & General Group Plc (LON:LGENGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 230.50 ($2.91) and traded as high as GBX 237.13 ($2.99). Legal & General Group shares last traded at GBX 235.50 ($2.97), with a volume of 20,393,584 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Berenberg Bank raised Legal & General Group to a “buy” rating and upped their target price for the company from GBX 258 ($3.26) to GBX 289 ($3.65) in a research report on Friday, January 5th. JPMorgan Chase & Co. lifted their price objective on Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.73) and gave the company an “overweight” rating in a research note on Thursday, December 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Legal & General Group to a “buy” rating and raised their target price for the company from GBX 290 ($3.66) to GBX 295 ($3.73) in a research report on Wednesday, November 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Legal & General Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 305.33 ($3.86).

View Our Latest Stock Report on Legal & General Group

Legal & General Group Trading Down 0.6 %

The company has a current ratio of 0.95, a quick ratio of 0.50 and a debt-to-equity ratio of 670.83. The company has a fifty day moving average of GBX 247.23 and a 200-day moving average of GBX 230.50. The company has a market capitalization of £14.00 billion, a price-to-earnings ratio of 735.94, a PEG ratio of 2.34 and a beta of 1.35.

Insiders Place Their Bets

In other Legal & General Group news, insider Laura Wade-Gery bought 712 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of GBX 257 ($3.25) per share, with a total value of £1,829.84 ($2,310.99). In other news, insider Ric Lewis purchased 1,336 shares of Legal & General Group stock in a transaction dated Tuesday, January 2nd. The shares were purchased at an average price of GBX 251 ($3.17) per share, with a total value of £3,353.36 ($4,235.11). Also, insider Laura Wade-Gery purchased 712 shares of Legal & General Group stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of GBX 257 ($3.25) per share, for a total transaction of £1,829.84 ($2,310.99). Insiders have acquired 2,766 shares of company stock valued at $682,742 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Legal & General Group Company Profile

(Get Free Report)

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 Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail Retirement.

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