Legal & General Group PLC (OTCMKTS:LGGNY – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 49,209 shares, an increase of 459.3% from the April 15th total of 8,798 shares. Based on an average daily trading volume, of 79,945 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold.
Legal & General Group Stock Up 4.6%
LGGNY stock traded up $0.79 during trading on Thursday, hitting $17.75. 112,531 shares of the company’s stock traded hands, compared to its average volume of 51,623. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 2.12. Legal & General Group has a 52 week low of $15.25 and a 52 week high of $18.87. The stock has a fifty day moving average price of $17.01 and a two-hundred day moving average price of $17.13.
Analysts Set New Price Targets
A number of brokerages have issued reports on LGGNY. 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. Zacks Research lowered 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
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.
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