Legal & General Group PLC (OTCMKTS:LGGNY) Given Consensus Rating of “Reduce” by Analysts

Legal & General Group PLC (OTCMKTS:LGGNY) has earned an average recommendation of “Reduce” from the six brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

A number of brokerages have recently issued reports on LGGNY. Zacks Research cut shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Jefferies Financial Group cut shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th.

Legal & General Group Price Performance

Shares of OTCMKTS LGGNY opened at $17.08 on Tuesday. The firm has a fifty day moving average price of $17.06 and a 200-day moving average price of $17.12. The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. Legal & General Group has a 1 year low of $15.25 and a 1 year high of $18.87.

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.