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

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group lowered Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Zacks Research upgraded Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Legal & General Group Trading Up 0.3%

The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 2.12. The firm’s fifty day moving average is $19.43 and its 200 day moving average is $18.19.

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.