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

Legal & General Group Plc (LON:LGEN)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 264.44 and traded as high as GBX 291. Legal & General Group shares last traded at GBX 290.10, with a volume of 12,951,490 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Legal & General Group from GBX 205 to GBX 220 and gave the company an “underperform” rating in a research report on Monday, March 23rd. Citigroup upped their price target on shares of Legal & General Group from GBX 249 to GBX 251 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Jefferies Financial Group downgraded Legal & General Group to an “underperform” rating and set a GBX 185 price target on the stock. in a research report on Tuesday, May 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 308 price objective on shares of Legal & General Group in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Legal & General Group presently has a consensus rating of “Hold” and a consensus price target of GBX 251.

Legal & General Group Stock Performance

The company has a current ratio of 59.08, a quick ratio of 0.50 and a debt-to-equity ratio of 1,100.04. The company has a 50-day simple moving average of GBX 272.51 and a 200 day simple moving average of GBX 264.44. The firm has a market cap of £15.88 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79.

Insider Activity

In other news, insider Mark Jordy bought 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of GBX 287 per share, for a total transaction of £10,570.21. Also, insider Ric Lewis bought 931 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of GBX 253 per share, with a total value of £2,355.43. Over the last 90 days, insiders bought 8,519 shares of company stock worth $2,299,198. 0.59% of the stock is currently owned by corporate insiders.

Legal & General Group Company Profile

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.