Legal & General Group (OTCMKTS:LGGNY) Reaches New 1-Year High - Here's Why

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) hit 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 changing hands. The stock had previously closed at $17.59.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group cut Legal & General Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Hsbc Global Res raised Legal & General Group to a "hold" rating in a report on Monday, May 19th. Finally, Royal Bank Of Canada cut Legal & General Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 22nd.

Legal & General Group Stock Up 1.1%

The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 2.19. The company has a fifty day simple moving average of $17.17 and a two-hundred day simple moving average of $16.26.

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.

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