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

Legal & General Group PLC (OTCMKTS:LGGNY) hit a new 52-week high on Wednesday . The stock traded as high as $20.05 and last traded at $20.00, with a volume of 68545 shares. The stock had previously closed at $19.96.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LGGNY shares. Jefferies Financial Group downgraded shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Legal & General Group Price Performance

The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12. The business’s 50-day moving average is $18.35 and its 200-day moving average is $17.84.

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.