Legal & General Group (OTCMKTS:LGGNY) Downgraded to “Strong Sell” Rating by Citigroup

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

Several other research firms have also recently weighed in on LGGNY. Zacks Research raised Legal & General Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Jefferies Financial Group lowered Legal & General Group from a “hold” rating to a “moderate sell” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Legal & General Group currently has a consensus rating of “Reduce”.

Legal & General Group Stock Performance

LGGNY stock opened at $21.25 on Friday. The stock has a 50-day moving average price of $19.66 and a two-hundred day moving average price of $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 current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 2.12.

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.