Legal & General Group Plc’s (LGEN) Underweight Rating Reiterated at J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their underweight rating on shares of Legal & General Group Plc (LON:LGEN) in a report released on Thursday morning.

LGEN has been the subject of a number of other research reports. Numis Securities Ltd upgraded Legal & General Group Plc to an add rating and set a GBX 305 ($4.01) target price for the company in a research note on Friday, November 3rd. Shore Capital restated a buy rating on shares of Legal & General Group Plc in a research note on Tuesday, November 14th. Deutsche Bank AG restated a hold rating on shares of Legal & General Group Plc in a research note on Friday, September 8th. Jefferies Group LLC raised their target price on Legal & General Group Plc from GBX 249 ($3.28) to GBX 253 ($3.33) and gave the company a hold rating in a research note on Monday, September 11th. Finally, Citigroup Inc. upgraded Legal & General Group Plc to a buy rating and set a GBX 296 ($3.89) target price for the company in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 257.88 ($3.39).

Shares of Legal & General Group Plc (LGEN) traded up GBX 1.10 ($0.01) during mid-day trading on Thursday, hitting GBX 268.90 ($3.54). The stock had a trading volume of 12,357,274 shares, compared to its average volume of 12,050,000. Legal & General Group Plc has a 12-month low of GBX 228.30 ($3.00) and a 12-month high of GBX 279.90 ($3.68).

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In other Legal & General Group Plc news, insider John Kingman purchased 610 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was purchased at an average price of GBX 269 ($3.54) per share, for a total transaction of £1,640.90 ($2,158.23). Insiders bought 2,109 shares of company stock valued at $553,985 in the last 90 days.

About Legal & General Group Plc

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 Plc (LON:LGEN)

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