Legal & General Group (OTCMKTS:LGGNY) Shares Gap Up – Time to Buy?

Legal & General Group PLC (OTCMKTS:LGGNY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $16.96, but opened at $17.89. Legal & General Group shares last traded at $17.8940, with a volume of 25,944 shares traded.

Wall Street Analyst Weigh In

LGGNY has been the subject of a number of research reports. Zacks Research lowered Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Jefferies Financial Group lowered Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Legal & General Group Price Performance

The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. The firm’s 50-day moving average price is $17.01 and its two-hundred day moving average price is $17.13.

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.