HSBC Holdings plc reissued their buy rating on shares of Legal & General Group Plc (LON:LGEN) in a research note published on Wednesday, MarketBeat.com reports. The brokerage currently has a GBX 290 ($3.76) price objective on the financial services provider’s stock.

LGEN has been the subject of a number of other research reports. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 255 ($3.31) price target on shares of Legal & General Group Plc in a report on Wednesday, June 14th. Macquarie raised their price target on shares of Legal & General Group Plc from GBX 201 ($2.61) to GBX 218 ($2.83) and gave the stock an underperform rating in a report on Thursday, August 10th. Barclays PLC reaffirmed an overweight rating and issued a GBX 280 ($3.63) price target on shares of Legal & General Group Plc in a report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) raised their price target on shares of Legal & General Group Plc from GBX 220 ($2.86) to GBX 240 ($3.12) and gave the stock a neutral rating in a report on Monday, May 15th. Finally, Morgan Stanley decreased their price target on shares of Legal & General Group Plc from GBX 260 ($3.38) to GBX 250 ($3.25) and set an equal weight rating for the company in a report on Tuesday, May 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 256.76 ($3.33).

Legal & General Group Plc (LON:LGEN) opened at 263.20 on Wednesday. Legal & General Group Plc has a one year low of GBX 204.08 and a one year high of GBX 279.90. The company’s market capitalization is GBX 15.62 billion. The firm’s 50-day moving average price is GBX 266.05 and its 200 day moving average price is GBX 255.34.

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The firm also recently disclosed a dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, August 17th will be paid a GBX 4.30 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 1.58%.

In other Legal & General Group Plc news, insider John Kingman acquired 646 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were purchased at an average price of GBX 254 ($3.30) per share, for a total transaction of £1,640.84 ($2,130.13). Also, insider Toby Strauss acquired 979 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was acquired at an average price of GBX 257 ($3.34) per share, for a total transaction of £2,516.03 ($3,266.30). Insiders bought 2,603 shares of company stock worth $678,197 in the last quarter.

Legal & General Group Plc Company Profile

Legal & General Group Plc is a holding company. The Company, together with its subsidiaries, transacts life assurance and long-term savings business, investment management and general insurance and health business. It operates through six segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), Savings and General Insurance (GI).

Analyst Recommendations for Legal & General Group Plc (LON:LGEN)

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