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

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

Several other research firms 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 upgraded shares of Legal & General Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Legal & General Group Trading Down 1.6%

Shares of OTCMKTS:LGGNY opened at $21.25 on Friday. Legal & General Group has a 52-week low of $15.25 and a 52-week high of $21.60. The business’s 50 day simple moving average is $19.66 and its two-hundred day simple moving average is $18.29. 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.