Legal & General Group (LON:LGEN) Price Target Raised to GBX 263

Legal & General Group (LON:LGEN) had its price target upped by The Goldman Sachs Group from GBX 249 to GBX 263 in a report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

A number of other analysts also recently weighed in on LGEN. Peel Hunt reiterated an “add” rating and issued a GBX 255 price target on shares of Legal & General Group in a research report on Wednesday, October 15th. Berenberg Bank upped their target price on shares of Legal & General Group from GBX 265 to GBX 289 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Legal & General Group from GBX 200 to GBX 210 and gave the stock an “underperform” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 258.40.

Legal & General Group Stock Up 0.6%

LON:LGEN opened at GBX 259.66 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.50 and a debt-to-equity ratio of 155.18. Legal & General Group has a 12-month low of GBX 206.80 and a 12-month high of GBX 269.40. The stock’s fifty day simple moving average is GBX 253.83 and its 200-day simple moving average is GBX 248.64. The firm has a market capitalization of £14.62 billion, a P/E ratio of 58.22, a P/E/G ratio of 2.34 and a beta of 1.31.

Legal & General Group (LON:LGEN) last released its earnings results on Monday, December 15th. The financial services provider reported GBX 2.89 earnings per share for the quarter. Legal & General Group had a return on equity of 7.79% and a net margin of 0.67%. Equities research analysts expect that Legal & General Group will post 24.2376446 earnings per share for the current year.

Insider Activity

In related news, insider Mark Jordy purchased 1,006 shares of Legal & General Group stock in a transaction dated Friday, January 2nd. The stock was bought at an average price of GBX 261 per share, for a total transaction of £2,625.66. Also, insider Laura Wade-Gery acquired 957 shares of the stock in a transaction dated Friday, January 2nd. The shares were bought at an average cost of GBX 261 per share, with a total value of £2,497.77. In the last ninety days, insiders acquired 11,205 shares of company stock worth $2,784,641. Corporate 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. The LGRI segment offers annuity contracts with guaranteed income for a specified time; and longevity insurance products. The LGIM segment offers index fund management; active fixed income funds and liquidity funds; active equity management; solution and liability driven investment; multi-asset funds; corporate pension scheme solutions; and real assets.