Legal & General Group (OTCMKTS:LGGNY) Sets New 52-Week Low at $13.26

Legal & General Group Plc (OTCMKTS:LGGNYGet Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.26 and last traded at $13.35, with a volume of 61863 shares trading hands. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Legal & General Group from an “underperform” rating to a “market perform” rating in a research note on Tuesday, June 28th. Exane BNP Paribas cut Legal & General Group from an “outperform” rating to a “neutral” rating in a research note on Monday, September 12th. JPMorgan Chase & Co. raised Legal & General Group from a “neutral” rating to an “overweight” rating in a research note on Monday, August 8th. Morgan Stanley cut their target price on Legal & General Group from GBX 298 ($3.60) to GBX 295 ($3.56) in a research note on Wednesday, September 7th. Finally, Berenberg Bank raised Legal & General Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $325.00.

Legal & General Group Stock Down 7.2 %

The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $15.62 and its 200 day simple moving average is $16.14.

Legal & General Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, August 19th will be issued a $0.3037 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 6.29%.

Legal & General Group Company Profile

(Get Rating)

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).

Further Reading

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