Legal & General Group (OTCMKTS:LGGNY) Reaches New 12-Month High – Still a Buy?

Shares of Legal & General Group PLC (OTCMKTS:LGGNY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.42 and last traded at $20.42, with a volume of 3055 shares traded. The stock had previously closed at $20.17.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LGGNY shares. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Jefferies Financial Group cut shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Legal & General Group Stock Up 1.4%

The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.18 and a current ratio of 3.18. The firm has a 50 day moving average price of $18.93 and a two-hundred day moving average price of $18.01.

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.