Legal & General Group (LON:LGEN) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Legal & General Group (LON:LGEN) in a research report report published on Monday,London Stock Exchange reports. They currently have a GBX 265 ($3.34) target price on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the company an “overweight” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft reissued a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Legal & General Group has a consensus rating of “Moderate Buy” and an average price target of GBX 267 ($3.37).

Legal & General Group Stock Up 0.5 %

LGEN stock traded up GBX 1.20 ($0.02) during midday trading on Monday, reaching GBX 238.60 ($3.01). 13,250,872 shares of the company were exchanged, compared to its average volume of 17,666,875. The company has a market cap of £13.98 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The company has a debt-to-equity ratio of 155.18, a quick ratio of 0.50 and a current ratio of 1.50. Legal & General Group has a 1-year low of GBX 211.40 ($2.67) and a 1-year high of GBX 266.20 ($3.36). The stock’s 50-day simple moving average is GBX 232.97 and its 200 day simple moving average is GBX 227.54.

Insider Activity

In other news, insider Henrietta Baldock bought 1,118 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of GBX 221 ($2.79) per share, with a total value of £2,470.78 ($3,118.10). Also, insider John Kingman purchased 716 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were purchased at an average price of GBX 230 ($2.90) per share, for a total transaction of £1,646.80 ($2,078.24). Over the last three months, insiders acquired 2,880 shares of company stock valued at $658,614. Insiders own 0.88% 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.