Legal & General Group (OTCMKTS:LGGNY) Sets New 52-Week High – Time to Buy?

Legal & General Group PLC (OTCMKTS:LGGNY) reached a new 52-week high on Friday . The company traded as high as $19.08 and last traded at $19.03, with a volume of 184171 shares trading hands. The stock had previously closed at $18.3940.

Wall Street Analysts Forecast Growth

LGGNY has been the subject of a number of recent research reports. Zacks Research upgraded Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday. 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 research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Legal & General Group Stock Performance

The business’s 50 day moving average price is $17.72 and its 200 day moving average price is $17.48. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.18 and a current ratio of 3.18.

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.