Royal Bank of Canada Reiterates Outperform Rating for Legal & General Group Plc (LGEN)

Legal & General Group Plc (LON:LGEN)‘s stock had its “outperform” rating restated by analysts at Royal Bank of Canada in a research note issued on Friday. They presently have a GBX 300 ($3.71) price objective on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 19.66% from the company’s previous close.

A number of other analysts have also commented on LGEN. 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. Canaccord Genuity reissued a “hold” rating and set a GBX 200 ($2.47) price objective on shares of Legal & General Group Plc in a report on Wednesday, December 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 197 ($2.43) price objective on shares of Legal & General Group Plc in a report on Thursday, March 9th. Macquarie reissued an “underperform” rating and set a GBX 201 ($2.48) price objective on shares of Legal & General Group Plc in a report on Thursday, March 9th. Finally, Barclays PLC boosted their price objective on Legal & General Group Plc from GBX 276 ($3.41) to GBX 282 ($3.48) and gave the stock an “overweight” rating in a report on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock 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 250.90 on Friday. The firm’s market capitalization is GBX 14.89 billion. The firm has a 50-day moving average price of GBX 245.46 and a 200 day moving average price of GBX 233.00. Legal & General Group Plc has a one year low of GBX 160.50 and a one year high of GBX 257.10.

The company also recently disclosed a dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, April 27th will be issued a dividend of GBX 10.35 ($0.13) per share. This represents a yield of 4.16%. This is a positive change from Legal & General Group Plc’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, April 27th.

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In other news, insider Richard H. Meddings acquired 1,097 shares of Legal & General Group Plc stock in a transaction on Wednesday, March 1st. The stock was acquired at an average cost of GBX 251 ($3.10) per share, with a total value of £2,753.47 ($3,400.61). Also, insider John Kingman acquired 1,842 shares of Legal & General Group Plc stock in a transaction on Wednesday, February 1st. The shares were purchased at an average cost of GBX 237 ($2.93) per share, with a total value of £4,365.54 ($5,391.55). Over the last three months, insiders have acquired 11,777 shares of company stock valued at $2,951,238.

Legal & General Group Plc Company Profile

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