Legal & General Group Plc (OTCMKTS:LGGNY) Sees Significant Decrease in Short Interest

Legal & General Group Plc (OTCMKTS:LGGNYGet Rating) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 500 shares, a decrease of 97.9% from the April 15th total of 24,100 shares. Based on an average daily volume of 118,100 shares, the short-interest ratio is presently 0.0 days.

Several equities analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Legal & General Group from GBX 330 ($4.07) to GBX 329 ($4.06) in a report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Legal & General Group from GBX 320 ($3.95) to GBX 330 ($4.07) in a report on Monday, March 28th. Royal Bank of Canada dropped their price objective on shares of Legal & General Group from GBX 380 ($4.68) to GBX 350 ($4.32) in a report on Friday, March 18th. Zacks Investment Research upgraded shares of Legal & General Group from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup downgraded shares of Legal & General Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 19th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Legal & General Group currently has an average rating of “Buy” and a consensus target price of $257.75.

Shares of LGGNY stock opened at $14.53 on Thursday. Legal & General Group has a 52-week low of $14.44 and a 52-week high of $21.50. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $18.96.

The company also recently disclosed a dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Friday, April 22nd will be given a $0.8223 dividend. This represents a yield of 6.34%. The ex-dividend date is Thursday, April 21st.

About Legal & General Group (Get Rating)

Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Legal & General Insurance (LGI).

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