Legal & General Group (OTCMKTS:LGGNY) Shares Gap Up – Time to Buy?

Shares of Legal & General Group PLC (OTCMKTS:LGGNY) gapped up prior to trading on Thursday . The stock had previously closed at $16.96, but opened at $17.89. Legal & General Group shares last traded at $17.8940, with a volume of 25,944 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LGGNY. Jefferies Financial Group downgraded Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Zacks Research cut Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Legal & General Group Price Performance

The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. The business has a 50-day simple moving average of $17.01 and a 200 day simple moving average of $17.13.

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.