Legal & General Group Plc (OTCMKTS:LGGNY – Get Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 54,400 shares, a growth of 381.4% from the April 30th total of 11,300 shares. Based on an average trading volume of 194,200 shares, the short-interest ratio is currently 0.3 days.
Analysts Set New Price Targets
A number of research firms recently issued reports on LGGNY. Barclays dropped their price target on Legal & General Group from GBX 390 ($4.85) to GBX 375 ($4.66) in a research note on Thursday, March 9th. JPMorgan Chase & Co. dropped their price target on Legal & General Group from GBX 375 ($4.66) to GBX 355 ($4.42) in a research note on Thursday, March 9th. Berenberg Bank downgraded Legal & General Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Finally, Morgan Stanley lowered their target price on Legal & General Group from GBX 295 ($3.67) to GBX 285 ($3.54) in a research note on Wednesday, February 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Legal & General Group has an average rating of “Hold” and an average price target of $325.00.
Legal & General Group Stock Down 0.6 %
Shares of LGGNY traded down $0.09 during mid-day trading on Thursday, hitting $14.30. The company’s stock had a trading volume of 123,947 shares, compared to its average volume of 38,480. The firm has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $15.21. Legal & General Group has a 1-year low of $11.18 and a 1-year high of $17.63.
Legal & General Group Increases Dividend
Legal & General Group Company Profile
Legal & General Group Plc engages in the provision of risk, savings and investment management products and services. It operates through the following segments: Legal & General Retirement (LGR); Legal & General Investment Management (LGIM); Legal & General Capital (LGC); and Legal & General Insurance (LGI).
- Get a free copy of the StockNews.com research report on Legal & General Group (LGGNY)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Legal & General Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Legal & General Group and related companies with MarketBeat.com's FREE daily email newsletter.