Legal & General Group (OTCMKTS:LGGNY) Reaches New 1-Year High – Time to Buy?

Shares of Legal & General Group PLC (OTCMKTS:LGGNY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.46 and last traded at $20.46, with a volume of 14494 shares. The stock had previously closed at $19.97.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. 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. Jefferies Financial Group cut Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Legal & General Group Price Performance

The business’s fifty day simple moving average is $19.23 and its 200 day simple moving average is $18.11. The company has a current ratio of 3.18, a quick 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.