Legal & General Group (LON:LGEN) Reaches New 52-Week High – Should You Buy?

Legal & General Group Plc (LON:LGEN)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 266.20 ($3.31) and last traded at GBX 253.70 ($3.16), with a volume of 2147000000 shares changing hands. The stock had previously closed at GBX 238.90 ($2.97).

Analysts Set New Price Targets

Several research analysts have issued reports on LGEN shares. Deutsche Bank Aktiengesellschaft reaffirmed a “top pick” rating on shares of Legal & General Group in a report on Friday, December 6th. JPMorgan Chase & Co. upped their price target on Legal & General Group from GBX 290 ($3.61) to GBX 295 ($3.67) and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 265 ($3.30) price objective on shares of Legal & General Group in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 276.67 ($3.44).

Legal & General Group Stock Up 5.3 %

The business has a fifty day moving average of GBX 230.17 and a 200 day moving average of GBX 226.47. The company has a quick ratio of 0.50, a current ratio of 1.12 and a debt-to-equity ratio of 722.64. The firm has a market cap of £14.69 billion, a P/E ratio of 5,032.00, a P/E/G ratio of 2.34 and a beta of 1.31.

Insider Activity

In other news, insider Henrietta Baldock acquired 1,118 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 221 ($2.75) per share, for a total transaction of £2,470.78 ($3,072.73). Also, insider John Kingman bought 716 shares of Legal & General Group stock in a transaction on Thursday, January 2nd. The shares were acquired at an average price of GBX 230 ($2.86) per share, for a total transaction of £1,646.80 ($2,048.00). Insiders purchased a total of 2,880 shares of company stock valued at $658,614 in the last ninety days. 0.88% of the stock is owned by insiders.

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.