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Highlights
- Consensus Recommendation Legal & General Group Plc (LGEN) has been rated by six brokerages, with an average 12-month price target of GBX 276.67 ($3.42).
- Stock Performance Shares rose 0.5%, trading at GBX 235.30 ($2.91), above its 50-day and 200-day moving averages.
- Company Metrics Legal & General boasts a market capitalization of £13.74 billion and a price-to-earnings-growth ratio of 2.34, with diverse operations across insurance and investment management.
Legal & General Group Plc (LON:LGEN), a major player among LON financial stocks, is a leading provider of insurance, pensions, and investment management services in the UK, the US, and international markets. The company operates through four segments:
- Legal & General Retirement Institutional (LGRI) Focuses on providing retirement solutions and managing institutional pension risks.
- Legal & General Investment Management (LGIM) One of Europe’s largest asset managers, serving institutional clients with bespoke investment strategies.
- Legal & General Capital (LGC) Invests in projects aimed at economic growth and sustainable developments, including housing and infrastructure.
- Retail Offers individual insurance and retirement products, including life insurance and workplace savings solutions.
Stock Performance and Key Metrics
Shares of Legal & General opened at GBX 235.30 ($2.91) on Friday, marking a 0.5% increase. The stock has maintained a strong performance, with a 50-day moving average of GBX 226.54 and a 200-day moving average of GBX 226.01. Its market cap of £13.74 billion underscores its significant presence in the financial sector.
The company’s PE ratio stands at an impressive 4,706.00, highlighting its valuation metrics in relation to earnings. Despite a debt-to-equity ratio of 722.64, its diversified revenue streams and strategic focus position it as a leader in the insurance and investment sectors.
Analyst Insights
Of the six analysts covering the stock, three issued "Buy" ratings, one gave a "Strong Buy," and two recommended "Hold." The average 12-month price target of GBX 276.67 ($3.42) reflects optimism regarding its growth potential.
Global Operations
Legal & General's services extend beyond the UK, with a robust presence in the US and international markets. The company is actively involved in sustainable projects through LGC and asset management via LGIM, aligning with global trends in responsible investing and long-term economic growth.
Legal & General’s diverse operations, focus on sustainability, and strong market position provide a solid foundation for growth. With analyst consensus leaning towards a positive outlook and the stock trading above its moving averages, the company is well-placed to navigate the evolving financial landscape.
