Legal & General Group (OTCMKTS:LGGNY) Sets New 1-Year High – Here’s Why

Shares of Legal & General Group PLC (OTCMKTS:LGGNY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.42 and last traded at $20.42, with a volume of 3055 shares traded. The stock had previously closed at $20.17.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LGGNY. Jefferies Financial Group cut shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Legal & General Group Stock Down 1.2%

The business’s 50-day moving average price is $19.04 and its 200 day moving average price is $18.05. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12.

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.