Legal & General Group (LON:LGEN) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Legal & General Group Plc (LON:LGEN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 246.47 and traded as high as GBX 248.45. Legal & General Group shares last traded at GBX 246.46, with a volume of 26,451,832 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on LGEN shares. Berenberg Bank upped their target price on shares of Legal & General Group from GBX 265 to GBX 289 and gave the stock a “buy” rating in a research report on Friday, October 10th. Peel Hunt reiterated an “add” rating and issued a GBX 255 price objective on shares of Legal & General Group in a report on Wednesday, October 15th. JPMorgan Chase & Co. lowered Legal & General Group to a “neutral” rating and reduced their price objective for the company from GBX 290 to GBX 275 in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada boosted their target price on Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 257.25.

Legal & General Group Stock Performance

The company has a debt-to-equity ratio of 155.18, a current ratio of 1.50 and a quick ratio of 0.50. The stock has a market cap of £13.90 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The business has a 50 day moving average price of GBX 239.20 and a two-hundred day moving average price of GBX 246.52.

Insider Activity

In other Legal & General Group news, insider Mark Jordy bought 1,050 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of GBX 241 per share, with a total value of £2,530.50. Also, insider John Kingman purchased 679 shares of Legal & General Group stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of GBX 242 per share, for a total transaction of £1,643.18. Insiders acquired 7,759 shares of company stock worth $1,893,437 in the last quarter. Insiders own 0.57% of the company’s stock.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.