Legal & General Group (OTCMKTS:LGGNY) Shares Gap Down After Analyst Downgrade

Legal & General Group PLC (OTCMKTS:LGGNY)’s stock price gapped down before the market opened on Tuesday after The Goldman Sachs Group downgraded the stock from a hold rating to a strong sell rating. The stock had previously closed at $21.25, but opened at $20.35. Legal & General Group shares last traded at $20.3950, with a volume of 9,173 shares changing hands.

Several other research firms have also recently issued reports on LGGNY. Zacks Research upgraded Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Citigroup cut Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group cut Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Legal & General Group currently has an average rating of “Strong Sell”.

Legal & General Group Stock Up 0.4%

The firm’s fifty day simple moving average is $19.76 and its 200 day simple moving average is $18.33. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12.

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.