Shore Capital Reaffirms “Buy” Rating for Legal & General Group (LGEN)
Shore Capital reissued their buy rating on shares of Legal & General Group (LON:LGEN) in a research report released on Friday. Shore Capital currently has a GBX 345 ($4.51) target price on the financial services provider’s stock.
LGEN has been the topic of several other reports. Numis Securities restated an add rating and set a GBX 305 ($3.99) target price on shares of Legal & General Group in a research report on Monday, February 4th. Barclays boosted their target price on shares of Legal & General Group from GBX 317 ($4.14) to GBX 332 ($4.34) and gave the stock an overweight rating in a research report on Thursday, December 13th. Royal Bank of Canada restated a top pick rating on shares of Legal & General Group in a research report on Friday, February 1st. UBS Group restated a sell rating on shares of Legal & General Group in a research report on Thursday, March 7th. Finally, Credit Suisse Group restated an underperform rating on shares of Legal & General Group in a research report on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Legal & General Group currently has an average rating of Buy and an average target price of GBX 300.50 ($3.93).
Shares of LON LGEN opened at GBX 268.90 ($3.51) on Friday. The firm has a market cap of $15.97 billion and a price-to-earnings ratio of 8.79. Legal & General Group has a one year low of GBX 221.80 ($2.90) and a one year high of GBX 288.40 ($3.77). The company has a debt-to-equity ratio of 57.19, a quick ratio of 0.78 and a current ratio of 1.81.
In other news, insider Mark Zinkula sold 106,692 shares of Legal & General Group stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of GBX 274 ($3.58), for a total transaction of £292,336.08 ($381,988.87). Also, insider Henrietta Baldock purchased 779 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were purchased at an average cost of GBX 260 ($3.40) per share, with a total value of £2,025.40 ($2,646.54). Insiders have bought a total of 2,459 shares of company stock valued at $641,104 in the last ninety days.
About Legal & General Group
Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and General Insurance (GI) segments. The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages.
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