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

Legal & General Group (OTCMKTS:LGGNY) was downgraded by investment analysts at Citigroup from a “hold” rating to a “strong sell” rating in a report released on Saturday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group downgraded Legal & General Group from a “hold” rating to a “moderate sell” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Legal & General Group Trading Down 1.6%

OTCMKTS:LGGNY opened at $21.25 on Friday. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $19.66 and its two-hundred day moving average is $18.29. Legal & General Group has a 52 week low of $15.25 and a 52 week high of $21.60.

About Legal & General Group

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.