LEG & GEN GRP P/S (OTCMKTS:LGGNY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of LEG & GEN GRP P/S (OTCMKTS:LGGNY) from a hold rating to a sell rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “LEGAL & GENERAL is a leading UK risk, savings and investment group. Legal & General today provides life assurance and other financial protection products, annuities and long-term savings products including ISA’s and pensions. With over £250 billion in funds under management, it is also the largest investor for UK pension funds. Legal & General has over 5.5 million UK customers. Their products are sold through over thirty bank and building society relationships, through Independent Financial Advisers and also directly to customers. Legal & General Assurance Society Limited, their principal operating company, is one of Europe’s top rated life companies for financial strength, with an AA+ rating from Standard & Poor’s and Aa1 from Moody’s. “

Separately, ValuEngine raised LEG & GEN GRP P/S from a sell rating to a hold rating in a report on Wednesday, October 2nd.

OTCMKTS:LGGNY opened at $17.79 on Tuesday. The stock’s 50 day simple moving average is $15.13 and its 200-day simple moving average is $16.47. LEG & GEN GRP P/S has a 12-month low of $13.21 and a 12-month high of $19.25.

About LEG & GEN GRP P/S

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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