Legal & General Group’s (LGEN) Underperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their underperform rating on shares of Legal & General Group (LON:LGEN) in a report issued on Wednesday,Digital Look reports. They currently have a GBX 270 price target on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Citigroup lowered 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. Berenberg Bank boosted their price target on Legal & General Group from GBX 353 to GBX 385 and gave the company a “buy” rating in a research report on Thursday, August 6th. Jefferies Financial Group restated an “underperform” rating and set a GBX 185 price target on shares of Legal & General Group in a research note on Wednesday, August 5th. Peel Hunt restated an “add” rating and issued a GBX 320 price objective on shares of Legal & General Group in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. decreased their target price on Legal & General Group from GBX 285 to GBX 270 and set an “underweight” rating for the company in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of GBX 276.86.

Legal & General Group Price Performance

Shares of LGEN stock opened at GBX 294.07 on Wednesday. The firm’s 50-day simple moving average is GBX 295.46 and its 200-day simple moving average is GBX 273.89. Legal & General Group has a 1-year low of GBX 217.20 and a 1-year high of GBX 318.10. The firm has a market cap of £16.06 billion, a P/E ratio of 30.19, a PEG ratio of 2.34 and a beta of 0.80.

Legal & General Group (LON:LGEN) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported GBX 8.01 EPS for the quarter. Legal & General Group had a net margin of 0.91% and a return on equity of 27.28%. Analysts expect that Legal & General Group will post 24.2376446 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Jordy acquired 3,683 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were bought at an average cost of GBX 287 per share, with a total value of £10,570.21. Insiders bought 11,056 shares of company stock valued at $3,241,178 over the last 90 days. Company insiders own 0.61% of the company’s stock.

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. 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.