Legal & General Group (OTCMKTS:LGGNY) Hits New 1-Year Low - Here's What Happened

Legal & General Group Plc (OTCMKTS:LGGNY) recently reached a new 52-week low during trading on a Friday session. The stock dropped to a low of $13.59 before last being seen at $13.61, with trading volume recorded at 121,082 shares. This drop came after the stock had previously closed at $14.00.

Legal & General Group Alerts

Analyst Perspectives on LGGNY

Several analysts have weighed in on the performance of LGGNY shares recently. Notably, on December 5th, UBS Group upgraded the rating of Legal & General Group from a "hold" to a "strong-buy". Similarly, the Goldman Sachs Group also changed its stance, moving the rating from "strong sell" to "strong-buy" in their report on the same day.

Current Stock Price Trends

The company's stock has seen a decline of 2.8%. As it stands, the 50-day moving average price for LGGNY is $14.36, while the 200-day moving average stands at $14.62.

About Legal & General Group

Legal & General Group Plc offers a range of insurance products and services. Its operations extend across different regions including the United Kingdom, the United States, and other international markets. The company operates through various sectors such as Legal & General Retirement Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and its Retail segments.

Should You Sell Legal & General Group?

Before making any investment decisions regarding Legal & General Group, investors may wish to consider the views of top-rated research analysts. MarketBeat has monitored the best performing analysts and their current recommendations for stocks. Interestingly, while Legal & General Group is rated as a "Strong Buy" among analysts, there are five other stocks that analysts have identified as better investment opportunities right now.

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