Legal & General Group (OTCMKTS:LGGNY) Reaches New 12-Month High – Should You Buy?

Shares of Legal & General Group PLC (OTCMKTS:LGGNY) reached a new 52-week high on Thursday . The company traded as high as $19.65 and last traded at $19.65, with a volume of 11256 shares. The stock had previously closed at $19.30.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LGGNY. Jefferies Financial Group lowered shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Legal & General Group Stock Performance

The firm has a 50-day moving average price of $18.18 and a 200-day moving average price of $17.75. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.18 and a current ratio of 3.18.

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.