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

Legal & General Group PLC (OTCMKTS:LGGNY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.91 and last traded at $20.91, with a volume of 163812 shares. The stock had previously closed at $20.8550.

Analyst Ratings Changes

A number of research firms recently commented on LGGNY. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Jefferies Financial Group lowered shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Legal & General Group currently has a consensus rating of “Reduce”.

Legal & General Group Price Performance

The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. The stock has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $18.24.

About Legal & General Group

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.