Legal & General Group (OTCMKTS:LGGNY) Stock Falls 0.5% – Here’s What Happened

Legal & General Group PLC (OTCMKTS:LGGNY) shares traded down 0.5% during trading on Wednesday. The stock traded as low as $20.6320 and last traded at $20.83. Approximately 55,022 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 71,019 shares. The stock had previously closed at $20.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LGGNY shares. Citigroup cut Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. UBS Group lowered Legal & General Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group downgraded shares of Legal & General Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Legal & General Group presently has an average rating of “Strong Sell”.

Legal & General Group Stock Down 0.5%

The company’s 50 day simple moving average is $20.02 and its two-hundred day simple moving average is $18.88.

About Legal & General Group

Legal & General Group plc is a British financial services company founded in 1836 and headquartered in London. It provides insurance, retirement and investment services to individuals, businesses and institutional clients. Its products and services include life insurance and other protection products, workplace pensions, annuities and retirement solutions. Through its investment management business, the company manages assets for pension schemes, institutions and other clients. Legal & General serves customers primarily in the United Kingdom and also has operations in international markets, including the United States.