Legal & General Group (OTCMKTS:LGGNY) Sets New 52-Week High – Time to Buy?

Shares of Legal & General Group PLC (OTCMKTS:LGGNY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.08 and last traded at $19.03, with a volume of 184171 shares traded. The stock had previously closed at $18.3940.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LGGNY shares. Jefferies Financial Group lowered shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Legal & General Group Price Performance

The business’s 50 day moving average price is $17.72 and its 200 day moving average price is $17.48. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.18 and a current ratio of 3.18.

Legal & General Group Company Profile

Legal & General Group is a London?headquartered multinational financial services company with roots dating back to the 19th century. The firm provides a range of life insurance, retirement and protection products alongside savings and workplace pension solutions. Over its history it has expanded beyond traditional insurance into asset management and long?term investment activities aimed at serving both individual and institutional clients.

Core operations include life assurance, annuities and pension de?risking for corporate clients, together with retail and workplace pension provision.