Legal & General Group Plc (LGEN) Receives “Underweight” Rating from JPMorgan Chase & Co.

Legal & General Group Plc (LON:LGEN)‘s stock had its “underweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They presently have a GBX 197 ($2.43) target price on the financial services provider’s stock. JPMorgan Chase & Co.’s price target points to a potential downside of 21.42% from the company’s current price.

LGEN has been the subject of several other research reports. Berenberg Bank reissued a “buy” rating and set a GBX 301 ($3.72) price objective on shares of Legal & General Group Plc in a report on Wednesday, December 7th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 300 ($3.71) price objective on shares of Legal & General Group Plc in a report on Wednesday, December 7th. Barclays PLC reissued a “hold” rating and set a GBX 255 ($3.15) price objective on shares of Legal & General Group Plc in a report on Tuesday, December 13th. Deutsche Bank AG reissued a “hold” rating and set a GBX 255 ($3.15) price objective on shares of Legal & General Group Plc in a report on Monday, December 19th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a GBX 220 ($2.72) price objective on shares of Legal & General Group Plc in a report on Thursday, December 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 248.43 ($3.07).

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

Legal & General Group Plc (LON:LGEN) opened at 250.70 on Tuesday. Legal & General Group Plc has a one year low of GBX 160.50 and a one year high of GBX 257.10. The stock’s market cap is GBX 14.87 billion. The company’s 50-day moving average price is GBX 245.46 and its 200-day moving average price is GBX 233.00.

The firm also recently declared a dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, April 27th will be issued a GBX 10.35 ($0.13) dividend. This is an increase from Legal & General Group Plc’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 4.16%.

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In other Legal & General Group Plc news, insider Nigel Wilson sold 90,536 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of GBX 246 ($3.04), for a total value of £222,718.56 ($275,063.06). Also, insider Richard H. Meddings acquired 1,103 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was purchased at an average cost of GBX 249 ($3.08) per share, with a total value of £2,746.47 ($3,391.96). In the last ninety days, insiders purchased 11,777 shares of company stock valued at $2,951,238.

Legal & General Group Plc Company Profile

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