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Highlights
- Legal & General Group insider Henrietta Baldock buys 1,118 shares at an average price of GBX 221 ($2.80).
- Stock opens at GBX 223.50 ($2.83), with a 1-year low of GBX 211.40 ($2.68) and a high of GBX 259 ($3.28).
- Analysts maintain a “Moderate Buy” rating for LGEN with a target price of GBX 279 ($3.53).
Legal & General Group Plc (LON:LGEN), a major player in the LON financial services sector, has seen notable insider activity recently. Henrietta Baldock, an insider of the company, purchased 1,118 shares of Legal & General Group stock on December 2nd. The purchase, made at an average price of GBX 221 ($2.80) per share, totals a transaction value of approximately £2,470.78 ($3,127.17). This move draws attention amid the company's fluctuating market performance.
The stock has seen a mixed performance in recent months. On December 3rd, it opened at GBX 223.50 ($2.83), showing some resilience despite a volatile year. The 1-year range of the stock highlights its volatility, with a low of GBX 211.40 ($2.68) and a high of GBX 259 ($3.28). Legal & General’s current debt-to-equity ratio stands at 722.64, and its market cap is approximately £13.05 billion. The company also reports a price-to-earnings ratio of 4,470.00, which may indicate a relatively high valuation compared to its earnings.
Analysts have expressed a mixed outlook for the company. Royal Bank of Canada has reaffirmed a “sector perform” rating and set a target price of GBX 245 ($3.10) on Legal & General Group's shares. Meanwhile, the consensus rating for the stock remains a “Moderate Buy,” with a consensus target price of GBX 279 ($3.53). Despite its underperformance in recent months, Legal & General continues to receive support from analysts, signaling potential growth in the long term.
With insiders making purchases and analysts maintaining a cautious optimism, the market will be watching closely to see if the stock can regain its upward momentum in the coming months.
