Legal & General Group’s (LGEN) “Buy” Rating Reaffirmed at Berenberg Bank

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

A number of other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on Legal & General Group from GBX 290 ($3.66) to GBX 295 ($3.72) and gave the stock an “overweight” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 267 ($3.37).

Legal & General Group Trading Up 0.5 %

LON:LGEN traded up GBX 1.20 ($0.02) during trading hours on Monday, hitting GBX 238.60 ($3.01). The company had a trading volume of 13,250,872 shares, compared to its average volume of 17,666,875. 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 company has a market cap of £13.98 billion, a P/E ratio of 44.05, a P/E/G ratio of 2.34 and a beta of 1.31. The company has a 50-day moving average of GBX 232.97 and a 200 day moving average of GBX 227.54. The company has a current ratio of 1.50, a quick ratio of 0.50 and a debt-to-equity ratio of 155.18.

Insider Activity at Legal & General Group

In related news, insider John Kingman purchased 716 shares of Legal & General Group stock in a transaction on Thursday, January 2nd. The shares were bought at an average price of GBX 230 ($2.90) per share, with a total value of £1,646.80 ($2,078.24). Also, insider Henrietta Baldock acquired 1,118 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 221 ($2.79) per share, with a total value of £2,470.78 ($3,118.10). In the last 90 days, insiders have bought 2,880 shares of company stock worth $658,614. 0.88% of the stock is currently owned by company 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.