Legal & General Group (OTCMKTS:LGGNY) Stock Price Down 0.5% – Here’s What Happened

Legal & General Group PLC (OTCMKTS:LGGNY) was down 0.5% during mid-day trading on Wednesday. The stock traded as low as $20.6320 and last traded at $20.83. 55,022 shares changed hands during trading, a decline of 23% from the average daily volume of 71,019 shares. The stock had previously closed at $20.94.

Analyst Ratings Changes

Several research firms have weighed in on LGGNY. The Goldman Sachs Group cut shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. UBS Group downgraded shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, Citigroup lowered shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Sell”.

Legal & General Group Stock Performance

The stock’s 50 day moving average is $20.05 and its two-hundred day moving average is $18.90.

About Legal & General Group

Legal & General Group plc is a British financial services company founded in 1836 and headquartered in London. It provides insurance, retirement and investment services to individuals, businesses and institutional clients. Its products and services include life insurance and other protection products, workplace pensions, annuities and retirement solutions. Through its investment management business, the company manages assets for pension schemes, institutions and other clients. Legal & General serves customers primarily in the United Kingdom and also has operations in international markets, including the United States.