Legal & General Group (OTCMKTS:LGGNY) Sets New 1-Year High – Here’s Why

Legal & General Group PLC (OTCMKTS:LGGNY) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.91 and last traded at $20.91, with a volume of 163812 shares changing hands. The stock had previously closed at $20.8550.

Wall Street Analysts Forecast Growth

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

Legal & General Group Price Performance

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 business’s 50 day simple moving average is $19.43 and its 200 day simple moving average is $18.19.

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.