Key Points
- Insider Mark Jordy bought 3,468 Legal & General shares at GBX 305 each, worth £10,577.40. He also purchased roughly £10,600 of shares in each of September and October.
- Analyst sentiment is mostly negative: the stock has an average “Reduce” rating and an average price target of GBX 276.86, with four Sell ratings, one Hold, and two Buy ratings.
- Shares opened at GBX 306.20, within a 12-month range of GBX 217.20 to GBX 318.10; the company reported quarterly EPS of GBX 8.01.
Legal & General Group Plc (LON:LGEN - Get Free Report) insider Mark Jordy bought 3,468 shares of the stock in a transaction dated Monday, November 2nd. The shares were bought at an average cost of GBX 305 per share, with a total value of £10,577.40.
Mark Jordy also recently made the following trade(s):
- On Thursday, October 1st, Mark Jordy purchased 3,671 shares of Legal & General Group stock. The shares were purchased at an average cost of GBX 288 per share, with a total value of £10,572.48.
- On Tuesday, September 1st, Mark Jordy bought 3,651 shares of Legal & General Group stock. The stock was purchased at an average price of GBX 290 per share, with a total value of £10,587.90.
Legal & General Group Price Performance
Shares of LGEN stock opened at GBX 306.20 on Wednesday. Legal & General Group Plc has a 12-month low of GBX 217.20 and a 12-month high of GBX 318.10. The firm has a market capitalization of £16.44 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 2.34 and a beta of 0.81. The business has a 50 day simple moving average of GBX 294.42 and a 200 day simple moving average of GBX 277.38.
Legal & General Group (LON:LGEN - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 earnings per share (EPS) for the quarter. Legal & General Group had a return on equity of 27.28% and a net margin of 0.91%. On average, equities analysts anticipate that Legal & General Group Plc will post 24.24 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Citigroup downgraded Legal & General Group to a "sell" rating and cut their target price for the stock from GBX 251 to GBX 245 in a research report on Monday, August 10th. Royal Bank Of Canada reiterated an "underperform" rating and set a GBX 270 price target on shares of Legal & General Group in a research report on Wednesday, September 2nd. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 185 price target on shares of Legal & General Group in a research report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price objective on Legal & General Group from GBX 285 to GBX 270 and set an "underweight" rating on the stock in a research note on Thursday, August 13th. Finally, Berenberg Bank upped their price objective on Legal & General Group from GBX 353 to GBX 385 and gave the company a "buy" rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of GBX 276.86.
Check Out Our Latest Analysis 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
