LEG & GEN GRP P/S (OTCMKTS:LGGNY) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of LEG & GEN GRP P/S (OTCMKTS:LGGNY) from a hold rating to a sell rating in a research note published on Friday, Zacks.com reports.

According to Zacks, “LEGAL & GENERAL is a leading UK risk, savings and investment group. Legal & General today provides life assurance and other financial protection products, annuities and long-term savings products including ISA’s and pensions. With over £250 billion in funds under management, it is also the largest investor for UK pension funds. Legal & General has over 5.5 million UK customers. Their products are sold through over thirty bank and building society relationships, through Independent Financial Advisers and also directly to customers. Legal & General Assurance Society Limited, their principal operating company, is one of Europe’s top rated life companies for financial strength, with an AA+ rating from Standard & Poor’s and Aa1 from Moody’s. “

Separately, ValuEngine downgraded shares of LEG & GEN GRP P/S from a hold rating to a sell rating in a research note on Friday, November 15th.

LGGNY opened at $17.86 on Friday. LEG & GEN GRP P/S has a 52-week low of $13.21 and a 52-week high of $19.25. The company has a 50 day moving average of $17.56 and a two-hundred day moving average of $16.26. The company has a market cap of $21.79 billion, a P/E ratio of 9.40 and a beta of 1.40.

LEG & GEN GRP P/S Company Profile

Legal & General Group Plc provides various insurance products and services worldwide. It operates in Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), Legal & General Insurance (LGI), and General Insurance (GI) segments.

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