Legal & General Group (OTCMKTS:LGGNY) Share Price Passes Above Fifty Day Moving Average of $15.56

Legal & General Group Plc (OTCMKTS:LGGNY – Get Rating)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.56 and traded as high as $15.57. Legal & General Group shares last traded at $15.52, with a volume of 31,416 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Legal & General Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Exane BNP Paribas raised shares of Legal & General Group from a “neutral” rating to an “outperform” rating in a research note on Friday, November 18th. UBS Group raised shares of Legal & General Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, November 15th. Morgan Stanley lowered their target price on shares of Legal & General Group from GBX 295 ($3.56) to GBX 285 ($3.44) in a research note on Wednesday, February 8th. Finally, Barclays decreased their price target on shares of Legal & General Group from GBX 397 ($4.79) to GBX 390 ($4.71) in a research note on Tuesday, February 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $327.50.

Legal & General Group Stock Up 0.6 %

The firm’s 50 day moving average is $15.56 and its 200 day moving average is $14.81.

Legal & General Group Company Profile

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Legal & General Group Plc engages in the provision of risk, savings and investment management products and services. It operates through the following segments: Legal & General Retirement (LGR); Legal & General Investment Management (LGIM); Legal & General Capital (LGC); and Legal & General Insurance (LGI).