6 analysts published 12-month price targets for Legal & General Group shares. Their LGEN share price forecasts range from 310 GBX to 390 GBX. On average, they expect the company`s share price to reach GBX 344.83 next year. This suggests a potential upside of 59.3% from the current share price. Check out analyst price targets for LGEN or check out the top-rated stocks among Wall Street analysts. Profit-to-savings ratio: LGEN`s projected profit growth (3.5% per annum) is higher than the savings rate (0.9%). With a P/E ratio of 7.29.32% below the industry average and a price-to-book ratio of 1.26, well below its major insurance peers, I see the company undervalued by about 30%, a valuation also found on a discounted cash flow model. I have a small investment in the business because I don`t mind the return while waiting for some appreciation. In addition, the stock is now trading at the lower end of its usual range, which can provide an additional margin of safety for those who are used to buying LGGNY shares below $15 and then selling them for nearly $20. Legal & General Group announced a dividend on Tuesday, August 9. Investors of record on Thursday 18 August will receive a dividend of GBX 5.44 per share on Monday 26 September. This corresponds to a return of 2%. The ex-dividend date is Thursday, August 18.
The official announcement can be found at this link. Read our dividend analysis for LGEN. This prompted some analysts to ask L&G management whether the company planned to use the extra capital for shareholder returns or new investments. This is what Jeff Davies, the chief financial officer, replied: the future price of LGEN (“LGEN”) shares will be GBX 252,397. Strong revenue growth: LGEN`s revenue (57.8% per year) is expected to grow faster than 20% per year. While we can still achieve a return on equity of 20%, we prefer to continue investing in a very attractive and high-growth company and continue relentlessly. Yes, we are clearly ahead of the plan and the plan had dividends of 5% and we had nothing else to pay at the moment. So if we continue like this, there will be debates at the board about the right dividend policy and what we should do with share buybacks.
Given that the closing price on 04/03/2022 is 243.699996948242 and the forecast for 2023 is 185.64, Legal & General Group Plc`s share is not a good 1-year investment. With a strong H1 2021 report published on 4 August 2021, operating profit reached £1.08 million. This is an increase of 14.05%, with H1 recording an operating profit of £946 million in 2020. Will this growth trajectory continue towards the end of this year? In this article, we learn more about the latest news and get insights from analysts on legal and general stock price forecasts. Based on data compiled by Market Beats as of December 13, 2021, out of four analysts, two rated L&G “buy” and two “hold”. Their consensus target for the 12-month LGEN share price is 329 pence per share, with the share price ranging from a minimum of 269 pence to a maximum of 397 pence. The current analyst consensus on the price target has a potential upside of 12.36%. Profit vs. market: LGEN`s profits (3.5% per annum) are expected to grow more slowly than the UK market (8.9% per annum). 6 Wall Street analysts have issued “buy,” “hold” and “sell” ratings for Legal & General Group over the past year. Currently, there is 1 hold rating and 5 buy ratings for the stock.
The consensus among Wall Street analysts is that investors should “buy” LGEN shares. Check out LGEN analyst ratings or top-rated stocks. Over the years, L&G has a proven track record of maintaining a progressive dividend policy for the benefit of its shareholders. The company`s long-term commitment to paying out its dividends was particularly highlighted in 2020, when most companies deferred these distributions due to the business impact of Covid-19. At the end of 2020, L&G achieved the interim and closing dividend of 17.57 pence for 2019. Future return on equity: LGEN`s return on equity is expected to be low in 3 years (17.1%). I think this could be the key that could lead to a share price starting to move at the same pace as EPS. If the company focuses on investing with an ROE above 20%, we should see a real composition over time, which sooner or later will no longer be overlooked by investors. What is the analysts` 12-month forecast and do we have statistical confidence in the consensus price target? Is LGEN undervalued relative to the market relative to its fair value, analysts` forecasts and price? From the AI system, the total return is 2459.05% of the 4080 forecasts.