Key Points
- Insider buying: Legal & General insider Mark Jordy purchased 3,671 shares at GBX 288 each, worth £10,572.48. He has also made similar purchases in August and September.
- Analyst sentiment is cautious: The stock has a consensus “Reduce” rating, with two Buy, one Hold, and four Sell ratings; the average price target is GBX 276.86.
- Stock performance and valuation: Shares opened at GBX 285.60, with a market capitalization of £15.49 billion, a P/E ratio of 7.97, and a one-year trading range of GBX 217.20 to GBX 318.10.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy bought 3,671 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were purchased at an average price of GBX 288 per share, for a total transaction of £10,572.48.
Mark Jordy also recently made the following trade(s):
- On Tuesday, September 1st, Mark Jordy purchased 3,651 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 290 per share, for a total transaction of £10,587.90.
- On Monday, August 3rd, Mark Jordy purchased 3,494 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 303 per share, with a total value of £10,586.82.
Legal & General Group Price Performance
Shares of LON LGEN opened at GBX 285.60 on Friday. The stock has a market cap of £15.49 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 2.34 and a beta of 0.79. Legal & General Group Plc has a 1 year low of GBX 217.20 and a 1 year high of GBX 318.10. The firm has a fifty day moving average price of GBX 296.19 and a 200-day moving average price of GBX 278.20.
Legal & General Group (LON:LGEN - Get Free Report) last released its earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. On average, research analysts expect that Legal & General Group Plc will post 24.2376446 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating for the company in a research note on Thursday, August 13th. Jefferies Financial Group reissued an "underperform" rating and set a GBX 185 target price on shares of Legal & General Group in a research note on Wednesday, August 5th. Peel Hunt reissued an "add" rating and issued a GBX 320 price target on shares of Legal & General Group in a report on Tuesday, August 4th. Royal Bank Of Canada restated an "underperform" rating and issued a GBX 270 price target on shares of Legal & General Group in a research note on Wednesday, September 2nd. Finally, Citigroup lowered shares of Legal & General Group to a "sell" rating and cut their price objective for the company from GBX 251 to GBX 245 in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Legal & General Group currently has a consensus rating of "Reduce" and an average target price of GBX 276.86.
Get Our Latest Research Report on LGEN
Legal & General Group Company Profile
(
Get Free Report)
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.
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