Royal Bank of Canada Reiterates Top pick Rating for Legal & General Group (LGEN)

Royal Bank of Canada reiterated their top pick rating on shares of Legal & General Group (LON:LGEN) in a report released on Friday, February 1st.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank upgraded Legal & General Group to a buy rating and set a GBX 290 ($3.79) price target for the company in a research note on Monday, January 7th. BNP Paribas reiterated an outperform rating on shares of Legal & General Group in a research note on Thursday, January 24th. Barclays reiterated an overweight rating on shares of Legal & General Group in a research note on Monday, January 21st. UBS Group reiterated a sell rating and issued a GBX 225 ($2.94) price target on shares of Legal & General Group in a research note on Wednesday, October 24th. Finally, Shore Capital reiterated an under review rating on shares of Legal & General Group in a research note on Monday, October 8th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 283.17 ($3.70).

Shares of LGEN stock opened at GBX 264.60 ($3.46) on Friday. Legal & General Group has a 1-year low of GBX 241.65 ($3.16) and a 1-year high of GBX 279.90 ($3.66).

In other Legal & General Group news, insider Henrietta Baldock acquired 779 shares of the company’s stock in a transaction on Friday, February 1st. The shares were bought at an average cost of GBX 260 ($3.40) per share, with a total value of £2,025.40 ($2,646.54). Also, insider John Kingman acquired 1,399 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was acquired at an average cost of GBX 250 ($3.27) per share, for a total transaction of £3,497.50 ($4,570.10). Over the last quarter, insiders have purchased 24,890 shares of company stock valued at $5,688,058.

Legal & General Group Company Profile

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.

See Also: What are convertible shares? 

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

Receive News & Ratings for Legal & General Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply