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Legal & General Group (OTCMKTS:LGGNY) Stock Passes Above 50 Day Moving Average - Here's Why

Legal & General Group logo with Finance background

Key Points

  • Legal & General Group (OTCMKTS:LGGNY) stock has crossed above its fifty-day moving average, reaching a high of $17.60 and a last traded price of $17.35.
  • Goldman Sachs has downgraded Legal & General Group from a "strong-buy" to a "hold" rating, while Hsbc Global Res maintains a "hold" rating.
  • The company has a debt-to-equity ratio of 2.19 and operates across various segments, including retirement and investment management.
  • Five stocks we like better than Legal & General Group.
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Legal & General Group PLC (OTCMKTS:LGGNY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.97 and traded as high as $17.60. Legal & General Group shares last traded at $17.35, with a volume of 29,799 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LGGNY. The Goldman Sachs Group lowered Legal & General Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. Hsbc Global Res raised Legal & General Group to a "hold" rating in a research report on Monday, May 19th.

Get Our Latest Stock Analysis on Legal & General Group

Legal & General Group Trading Down 1.2%

The company has a 50-day moving average of $16.97 and a 200-day moving average of $15.99. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.90 and a current ratio of 2.90.

About Legal & General Group

(Get Free Report)

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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