Legal & General Group (LGEN) Given “Under Review” Rating at Shore Capital

Shore Capital reiterated their under review rating on shares of Legal & General Group (LON:LGEN) in a research report sent to investors on Monday.

Several other analysts also recently issued reports on the company. Barclays lifted their target price on Legal & General Group from GBX 311 ($4.06) to GBX 317 ($4.14) and gave the company an overweight rating in a research note on Friday, September 7th. Credit Suisse Group reaffirmed an underperform rating on shares of Legal & General Group in a research note on Thursday, August 23rd. Berenberg Bank reaffirmed a buy rating and issued a GBX 334 ($4.36) price objective on shares of Legal & General Group in a research note on Tuesday, August 14th. Numis Securities reaffirmed an add rating and issued a GBX 305 ($3.99) price objective on shares of Legal & General Group in a research note on Thursday, August 9th. Finally, Royal Bank of Canada raised Legal & General Group to a top pick rating in a research note on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 286 ($3.74).

Shares of LGEN opened at GBX 258.60 ($3.38) on Monday. Legal & General Group has a 12-month low of GBX 241.65 ($3.16) and a 12-month high of GBX 279.90 ($3.66).

The company also recently disclosed a dividend, which was paid on Thursday, September 27th. Shareholders of record on Thursday, August 16th were paid a GBX 4.60 ($0.06) dividend. This represents a yield of 1.74%. The ex-dividend date was Thursday, August 16th.

In other news, insider John Kingman acquired 1,458 shares of Legal & General Group stock in a transaction on Wednesday, August 1st. The shares were acquired at an average price of GBX 262 ($3.42) per share, with a total value of £3,819.96 ($4,991.45). Also, insider Carolyn Bradley acquired 653 shares of Legal & General Group stock in a transaction on Monday, October 1st. The stock was purchased at an average cost of GBX 263 ($3.44) per share, for a total transaction of £1,717.39 ($2,244.07). In the last ninety days, insiders acquired 2,780 shares of company stock worth $725,668.

About Legal & General Group

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and General Insurance (GI) segments. The LGR segment offers annuity contracts with guaranteed income for a specified time; longevity insurance products for company pension schemes; and lifetime mortgages.

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

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