Free Trial

Legal & General Group (OTCMKTS:LGGNY) Stock Crosses Above Fifty Day Moving Average - What's Next?

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.
  • Need better tools to track Legal & General Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Legal & General Group PLC (OTCMKTS:LGGNY - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LGGNY shares. The Goldman Sachs Group cut shares of Legal & General Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada cut shares of Legal & General Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 22nd. Finally, Hsbc Global Res raised shares of Legal & General Group to a "hold" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Get Our Latest Analysis on Legal & General Group

Legal & General Group Trading Up 0.1%

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's fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $16.06.

Legal & General Group Company Profile

(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.

Read More

Should You Invest $1,000 in Legal & General Group Right Now?

Before you consider Legal & General Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legal & General Group wasn't on the list.

While Legal & General Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir’s Soaring Valuation—Justified or Overhyped?
3 Stocks With Explosive Upside
September Slowdown: 3 Stocks to Buy When the Pullback Comes

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines