Legal & General Group (OTCMKTS:LGGNY) Hits New 1-Year High – Here’s What Happened

Legal & General Group PLC (OTCMKTS:LGGNY) shares reached a new 52-week high on Wednesday . The company traded as high as $20.42 and last traded at $20.42, with a volume of 3055 shares changing hands. The stock had previously closed at $20.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research 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 note on Monday, May 4th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Legal & General Group Stock Up 1.4%

The business has a 50 day simple moving average of $18.93 and a 200-day simple moving average of $18.01. 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 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.