Legal & General Group (OTCMKTS:LGGNY) Stock Rating Lowered by The Goldman Sachs Group

Legal & General Group (OTCMKTS:LGGNY) was downgraded by investment analysts at The Goldman Sachs Group from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on LGGNY. 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 shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Citigroup cut shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Saturday. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Legal & General Group presently has a consensus rating of “Strong Sell”.

Legal & General Group Stock Down 3.3%

Shares of LGGNY opened at $20.54 on Tuesday. Legal & General Group has a 1 year low of $15.25 and a 1 year high of $21.60. The business’s 50 day simple moving average is $19.71 and its 200-day simple moving average is $18.31. 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 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.