Legal & General Group (OTCMKTS:LGGNY) Cut to Strong Sell at The Goldman Sachs Group

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

LGGNY has been the subject of a number of other reports. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Citigroup lowered shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Saturday. Finally, Jefferies Financial Group downgraded shares of 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 three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell”.

Legal & General Group Trading Down 3.3%

LGGNY stock opened at $20.54 on Tuesday. Legal & General Group has a twelve month low of $15.25 and a twelve month high of $21.60. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12. The firm’s fifty day simple moving average is $19.71 and its two-hundred day simple moving average is $18.31.

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.