Legal & General Group (LON:LGEN) Receives “Buy” Rating from Shore Capital

Legal & General Group (LON:LGEN)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a note issued to investors on Friday, March 22nd, ThisIsMoney.Co.Uk reports. They presently have a GBX 345 ($4.51) price target on the financial services provider’s stock. Shore Capital’s price target indicates a potential upside of 20.00% from the stock’s previous close.

A number of other research firms have also recently issued reports on LGEN. Deutsche Bank upped their price objective on Legal & General Group from GBX 290 ($3.79) to GBX 310 ($4.05) and gave the stock a “buy” rating in a report on Monday, March 18th. JPMorgan Chase & Co. upgraded Legal & General Group to a “neutral” rating and upped their price objective for the stock from GBX 239 ($3.12) to GBX 285 ($3.72) in a report on Monday, March 18th. Barclays boosted their target price on Legal & General Group from GBX 323 ($4.22) to GBX 339 ($4.43) and gave the company an “overweight” rating in a research note on Thursday, March 7th. UBS Group reissued a “sell” rating on shares of Legal & General Group in a research note on Monday, February 25th. Finally, Numis Securities reissued an “add” rating and issued a GBX 305 ($3.99) target price on shares of Legal & General Group in a research note on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 301 ($3.93).

Shares of LON LGEN traded up GBX 0.60 ($0.01) during mid-day trading on Friday, hitting GBX 287.50 ($3.76). The company had a trading volume of 8,051,160 shares, compared to its average volume of 20,180,000. Legal & General Group has a 1 year low of GBX 221.80 ($2.90) and a 1 year high of GBX 289.20 ($3.78). The company has a debt-to-equity ratio of 57.19, a quick ratio of 0.59 and a current ratio of 1.62. The stock has a market cap of $17.06 billion and a PE ratio of 9.40.

In related news, insider Toby Strauss purchased 966 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average price of GBX 284 ($3.71) per share, for a total transaction of £2,743.44 ($3,584.79). Also, insider George Lewis bought 376 shares of the business’s stock in a transaction on Monday, April 1st. The shares were acquired at an average price of GBX 277 ($3.62) per share, for a total transaction of £1,041.52 ($1,360.93). Insiders purchased a total of 2,121 shares of company stock worth $581,036 in the last 90 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), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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

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