Legal & General Group (OTCMKTS:LGGNY) Lowered to “Strong Sell” Rating by Citigroup

Legal & General Group (OTCMKTS:LGGNY – Get Free Report) was downgraded by analysts at Citigroup from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Zacks Research upgraded 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 Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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Legal & General Group Trading Down 1.6%

LGGNY stock opened at $21.25 on Friday. The firm’s 50-day simple moving average is $19.66 and its 200 day simple moving average is $18.29. Legal & General Group has a fifty-two week low of $15.25 and a fifty-two week high of $21.60. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 2.12.

Legal & General Group Company Profile

(Get Free Report)

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.

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