Legal & General Group (OTCMKTS:LGGNY) Shares Cross Above 50 Day Moving Average – What’s Next?

Legal & General Group Plc (OTCMKTS:LGGNY)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.84 and traded as high as $15.80. Legal & General Group shares last traded at $15.67, with a volume of 28,689 shares.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LGGNY shares. The Goldman Sachs Group upgraded Legal & General Group from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 5th. UBS Group raised Legal & General Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th.

Legal & General Group Price Performance

The company has a 50-day simple moving average of $14.84 and a 200-day simple moving average of $14.70.

About Legal & General Group

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.