Legal & General Group (OTCMKTS:LGGNY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Legal & General Group PLC (OTCMKTS:LGGNY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.83 and traded as high as $18.51. Legal & General Group shares last traded at $18.4875, with a volume of 19,981 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Legal & General Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Legal & General Group presently has a consensus rating of “Hold”.

Legal & General Group Trading Up 0.8%

The stock’s 50-day moving average is $17.87 and its 200-day moving average is $16.86.

About Legal & General Group

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.