Legal & General Group PLC (OTCMKTS:LGGNY – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 102,046 shares, a drop of 37.4% from the August 31st total of 162,994 shares. Based on an average daily volume of 134,964 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are short sold.
Legal & General Group Stock Performance
Shares of OTCMKTS:LGGNY traded down $0.61 during trading hours on Thursday, hitting $19.07. 9,036 shares of the company’s stock traded hands, compared to its average volume of 65,708. Legal & General Group has a 52 week low of $15.25 and a 52 week high of $21.60. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.18 and a current ratio of 3.25. The company’s fifty day simple moving average is $20.20 and its two-hundred day simple moving average is $18.83.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on LGGNY shares. The Goldman Sachs Group lowered Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Citigroup cut Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. UBS Group lowered Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Finally, Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One analyst has rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell”.
Legal & General Group Company Profile
Legal & General Group plc is a United Kingdom-based financial services company that provides insurance, retirement, investment management and capital solutions. Its businesses serve individual customers, employers, pension schemes, institutional investors and other organizations.
The company’s principal activities include workplace and individual pensions, retirement income products such as annuities, life insurance and protection products, and investment management through Legal & General Investment Management.
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