Legal & General Group (LON:LGEN) Rating Reiterated by Citigroup

Citigroup reissued their buy rating on shares of Legal & General Group (LON:LGEN) in a report published on Monday, February 26th. The brokerage currently has a GBX 306 ($4.23) price objective on the financial services provider’s stock.

LGEN has been the topic of several other reports. Societe Generale downgraded Legal & General Group to a sell rating and cut their target price for the company from GBX 250 ($3.45) to GBX 240 ($3.32) in a research note on Tuesday, November 28th. Shore Capital reiterated a buy rating on shares of Legal & General Group in a research report on Tuesday, November 14th. Numis Securities raised Legal & General Group to an add rating and set a GBX 305 ($4.21) price target on the stock in a report on Friday, November 3rd. HSBC lifted their target price 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. Finally, Goldman Sachs Group reiterated a sell rating and issued a GBX 210 ($2.90) price target on shares of Legal & General Group in a research report on Tuesday, February 20th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Legal & General Group presently has an average 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 hours on Monday, hitting GBX 258.20 ($3.57). The stock had a trading volume of 20,450,000 shares, compared to its average volume of 19,830,000. Legal & General Group has a 12-month low of GBX 241.65 ($3.34) and a 12-month high of GBX 279.90 ($3.87). The company has a market cap of $15,390.00 and a price-to-earnings ratio of 993.08.

In related news, insider John Kingman acquired 1,282 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was purchased at an average price of GBX 273 ($3.77) per share, with a total value of £3,499.86 ($4,835.40). Also, insider Toby Strauss acquired 927 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average cost of GBX 271 ($3.74) per share, with a total value of £2,512.17 ($3,470.81). In the last quarter, insiders acquired 2,836 shares of company stock valued at $765,477.

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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).

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

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