Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

242.60p
   
  • Change Today:
      3.10p
  • 52 Week High: 307.80p
  • 52 Week Low: 235.20p
  • Currency: UK Pounds
  • Shares Issued: 5,973m
  • Volume: 7,592,169
  • Market Cap: £14,490m
  • RiskGrade: 166

Jefferies upgrades Legal & General to buy, says consensus overestimates risks

By Alexander Bueso

Date: Thursday 21 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Jefferies upgraded their recommendation for shares of Legal&General from ´hold´to ´buy, telling clients that it was the European insurer offering the most synergies thanks to its competitive advantage in annuities and asset management.
And after examining the assets, they concluded that there was far less risk than consensus presumed.

Furthermore, impending capital reform was set to reduce volatility.

So with less risk than implied by consensus prices, 23% upside and a 7% yield they decided to upgrade the shares and raise their target price from 290.0p to 340.0p

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Legal and General Market Data

Currency UK Pounds
Share Price 242.60p
Change Today 3.10p
% Change 1.29 %
52 Week High 307.80p
52 Week Low 235.20p
Volume 7,592,169
Shares Issued 5,973m
Market Cap £14,490m
RiskGrade 166

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.12% above the market average42.12% above the market average42.12% above the market average42.12% above the market average42.12% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
9.40% above the market average9.40% above the market average9.40% above the market average9.40% above the market average9.40% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
53.46% above the market average53.46% above the market average53.46% above the market average53.46% above the market average53.46% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
4.81% below the market average4.81% below the market average4.81% below the market average4.81% below the market average4.81% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 3
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Legal and General Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Apr-22 12-Aug-21
Paid 01-Jun-22 20-Sep-21
Amount 13.27p 5.18p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 3,810 @ 242.60p
16:45 3,810 @ 242.60p
16:35 466 @ 242.60p
16:35 1,814,628 @ 242.60p
16:29 1,250 @ 242.70p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies

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