Goldman Sachs Group reaffirmed their sell rating on shares of Legal & General Group (LON:LGEN) in a research report released on Tuesday, February 20th. They currently have a GBX 210 ($2.90) target price on the financial services provider’s stock.
A number of other research firms also recently commented on LGEN. HSBC upped their price objective on Legal & General Group from GBX 290 ($4.01) to GBX 295 ($4.08) and gave the stock a buy rating in a report on Thursday, November 23rd. Shore Capital restated a buy rating on shares of Legal & General Group in a report on Wednesday, December 6th. Royal Bank of Canada reaffirmed an outperform rating on shares of Legal & General Group in a research report on Wednesday, January 17th. Deutsche Bank reaffirmed a hold rating on shares of Legal & General Group in a research report on Wednesday, November 8th. Finally, Citigroup reaffirmed a buy rating on shares of Legal & General Group in a research report on Thursday, November 16th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Legal & General Group currently has a consensus rating of Hold and an average price target of GBX 265.94 ($3.67).
Shares of Legal & General Group (LON LGEN) traded up GBX 1.50 ($0.02) during trading on Tuesday, hitting GBX 258.20 ($3.57). The company had a trading volume of 20,450,000 shares, compared to its average volume of 19,830,000. The firm has a market cap of $15,390.00 and a P/E ratio of 993.08. Legal & General Group has a 1 year low of GBX 241.65 ($3.34) and a 1 year high of GBX 279.90 ($3.87).
In other Legal & General Group news, insider John Kingman acquired 1,282 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were purchased at an average price of GBX 273 ($3.77) per share, for a total transaction of £3,499.86 ($4,835.40). Also, insider Toby Strauss acquired 927 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of GBX 271 ($3.74) per share, for a total transaction of £2,512.17 ($3,470.81). Insiders have bought 2,836 shares of company stock worth $765,477 in the last ninety days.
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About Legal & General Group
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).
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