Legal & General Group (OTCMKTS:LGGNY) Share Price Crosses Above 50-Day Moving Average of $15.53

Legal & General Group Plc (OTCMKTS:LGGNY – Get Rating) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.53 and traded as high as $16.63. Legal & General Group shares last traded at $16.55, with a volume of 35,367 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LGGNY shares. Berenberg Bank upgraded shares of Legal & General Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Morgan Stanley decreased their price target on shares of Legal & General Group from GBX 329 ($4.03) to GBX 298 ($3.65) in a research report on Tuesday, July 26th. Finally, Keefe, Bruyette & Woods raised shares of Legal & General Group from an “underperform” rating to a “market perform” rating in a research report on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.00.

Legal & General Group Price Performance

The business’s fifty day simple moving average is $15.53 and its 200 day simple moving average is $17.01. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.47.

About Legal & General Group

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Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).