Legal & General Group (OTCMKTS:LGGNY) Cut to Strong Sell at Citigroup

Citigroup cut shares of Legal & General Group (OTCMKTS:LGGNY) from a hold rating to a strong sell rating in a research report sent to investors on Saturday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on LGGNY. Jefferies Financial Group downgraded shares of Legal & General Group from a “hold” rating to a “moderate sell” rating in a research report on Monday, May 4th. Zacks Research raised shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Legal & General Group Price Performance

Legal & General Group stock opened at $21.25 on Friday. The stock’s 50 day moving average price is $19.66 and its 200 day moving average price is $18.29. Legal & General Group has a 1-year low of $15.25 and a 1-year high of $21.60. The company has a debt-to-equity ratio of 2.12, a quick ratio of 3.18 and a current ratio of 3.18.

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.