Legal & General Group (OTCMKTS:LGGNY) Downgraded to Strong Sell Rating by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Legal & General Group (OTCMKTS:LGGNY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Citigroup downgraded shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Saturday. Jefferies Financial Group lowered Legal & General Group from a “hold” rating to a “moderate sell” rating in a research note on Monday, May 4th. Finally, Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Sell”.

Legal & General Group Trading Down 3.3%

OTCMKTS:LGGNY opened at $20.54 on Tuesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 3.18 and a quick ratio of 3.18. Legal & General Group has a twelve month low of $15.25 and a twelve month high of $21.60. The company’s 50 day moving average is $19.71 and its two-hundred day moving average is $18.31.

About Legal & General Group

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.