Legal & General Group (OTCMKTS:LGGNY) Sets New 1-Year High – Still a Buy?

Legal & General Group PLC (OTCMKTS:LGGNY) shares hit a new 52-week high 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.

Analyst Upgrades and Downgrades

LGGNY has been the subject of several recent research reports. Jefferies Financial Group cut shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research 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 equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Legal & General Group Stock Performance

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 stock has a 50 day simple moving average of $18.62 and a two-hundred day simple moving average of $17.92.

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.