Legal & General Group (OTCMKTS:LGGNY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Legal & General Group PLC (OTCMKTS:LGGNY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.83 and traded as high as $18.51. Legal & General Group shares last traded at $18.4875, with a volume of 19,981 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Legal & General Group presently has an average rating of “Hold”.

Legal & General Group Price Performance

The firm has a 50-day moving average of $17.83 and a 200 day moving average of $16.85.

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.