Legal & General Group (LGEN) Trading Down 0%

Legal & General Group Plc (LON:LGEN)’s share price traded down 0% during mid-day trading on Friday . The stock traded as low as GBX 275.30 ($3.73) and last traded at GBX 276.20 ($3.75). 14,433,745 shares were traded during trading, an increase of 10% from the average session volume of 13,140,000 shares. The stock had previously closed at GBX 276.20 ($3.75).

Several equities analysts have issued reports on the company. Societe Generale lowered Legal & General Group to a “sell” rating and dropped their price objective for the stock from GBX 250 ($3.39) to GBX 240 ($3.25) in a report on Tuesday, November 28th. Shore Capital reaffirmed a “buy” rating on shares of Legal & General Group in a report on Tuesday, November 14th. Numis Securities raised Legal & General Group to an “add” rating and set a GBX 305 ($4.14) price objective on the stock in a report on Friday, November 3rd. Deutsche Bank raised their price objective on Legal & General Group from GBX 270 ($3.66) to GBX 305 ($4.14) and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, Barclays raised their price objective on Legal & General Group from GBX 279 ($3.78) to GBX 294 ($3.99) and gave the stock an “overweight” rating in a report on Monday, December 11th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 267.94 ($3.63).

The firm has a market capitalization of $16,460.00 and a PE ratio of 1,062.31.

In related news, insider Toby Strauss purchased 950 shares of Legal & General Group stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of GBX 264 ($3.58) per share, for a total transaction of £2,508 ($3,401.14). Also, insider John Kingman purchased 610 shares of Legal & General Group stock in a transaction dated Wednesday, November 1st. The shares were bought at an average price of GBX 269 ($3.65) per share, with a total value of £1,640.90 ($2,225.25). In the last 90 days, insiders purchased 2,842 shares of company stock valued at $764,876.

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Legal & General Group Company Profile

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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