Legal & General Group (OTCMKTS:LGGNY) Sets New 1-Year High - Still a Buy?

Key Points

• Legal & General Group reached a new 52-week high, trading at $17.84, reflecting a rise from its previous close of $17.59.
• Analyst ratings have varied, with Goldman Sachs downgrading the stock from "strong-buy" to "hold," while HSBC raised it to "hold" and Royal Bank of Canada cut it to "strong sell."
• The company has solid financial metrics, including a quick ratio and current ratio of 2.90, indicating strong liquidity.

Legal & General Group PLC (OTCMKTS:LGGNY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $17.84 and last traded at $17.73, with a volume of 23940 shares trading hands. The stock had previously closed at $17.59.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LGGNY shares. The Goldman Sachs Group downgraded Legal & General Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada lowered shares of Legal & General Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 22nd. Finally, Hsbc Global Res upgraded shares of Legal & General Group to a "hold" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Legal & General Group presently has an average rating of "Hold".

Legal & General Group Stock Down 0.4%

The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.90 and a current ratio of 2.90. The stock's 50 day moving average is $17.20 and its two-hundred day moving average is $16.33.

Legal & General Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, August 25th will be paid a dividend of $0.3816 per share. This represents a dividend yield of 773.0%. The ex-dividend date of this dividend is Friday, August 22nd.

Legal & General Group Company Profile

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail segments.