Legal & General Group (OTCMKTS:LGGNY) Sets New 12-Month High – Here’s What Happened

Legal & General Group PLC (OTCMKTS:LGGNY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.05 and last traded at $19.9950, with a volume of 6293 shares. The stock had previously closed at $19.79.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LGGNY. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Jefferies Financial Group downgraded shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, 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 quick ratio of 3.18 and a current ratio of 3.18. The firm has a 50-day moving average of $18.74 and a 200-day moving average of $17.96.

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.