Legal & General Group (OTCMKTS:LGGNY) Reaches New 52-Week High – Here’s What Happened

Legal & General Group PLC (OTCMKTS:LGGNY) reached 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 changing hands. The stock had previously closed at $19.96.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LGGNY. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Jefferies Financial Group lowered Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Legal & General Group presently has an average rating of “Reduce”.

Legal & General Group Stock Performance

The company has a fifty day simple moving average of $18.45 and a 200 day simple moving average of $17.87. 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.