Legal & General Group (LGEN)

Sector:

Insurance

Index:

FTSE 100

232.80p
   
  • Change Today:
    -15.80p
  • 52 Week High: 256.30
  • 52 Week Low: 205.80
  • Currency: UK Pounds
  • Shares Issued: 5,980m
  • Volume: 30,185,567
  • Market Cap: £13,921m
  • 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 232.80p
Change Today -15.80p
% Change -6.36 %
52 Week High 256.30
52 Week Low 205.80
Volume 30,185,567
Shares Issued 5,980m
Market Cap £13,921m
RiskGrade 166

Legal and General Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.99% above the market average82.99% above the market average82.99% above the market average82.99% above the market average82.99% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
13.48% above the market average13.48% above the market average13.48% above the market average13.48% above the market average13.48% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income
85.98% above the market average85.98% above the market average85.98% above the market average85.98% above the market average85.98% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
97.73% below the market average97.73% below the market average97.73% below the market average97.73% below the market average97.73% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 2
Buy 5
Neutral 7
Sell 1
Strong Sell 0
Total 15
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 25-Apr-24 24-Aug-23
Paid 06-Jun-24 26-Sep-23
Amount 14.63p 5.71p

Trades for 25-Apr-2024

Time Volume / Share Price
17:44 1,761,767 @ 235.00p
17:43 1,761,767 @ 235.00p
16:36 22,190 @ 232.80p
16:35 4,984,050 @ 232.80p
16:35 3,352 @ 232.80p

Legal and General Key Personnel

Chair John Kingman
CFO Jeff Davies

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