Legal & General Group Plc (OTCMKTS:LGGNY) Given Consensus Rating of “Hold” by Brokerages

Legal & General Group Plc (OTCMKTS:LGGNY) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Legal & General Group from GBX 240 ($3.03) to GBX 238 ($3.00) in a research note on Friday, August 18th. Berenberg Bank cut their price objective on shares of Legal & General Group from GBX 290 ($3.66) to GBX 254 ($3.20) in a research note on Thursday, July 20th. JPMorgan Chase & Co. cut their price objective on shares of Legal & General Group from GBX 355 ($4.47) to GBX 315 ($3.97) in a research note on Tuesday, August 1st. The Goldman Sachs Group cut their price objective on shares of Legal & General Group from GBX 320 ($4.03) to GBX 300 ($3.78) in a research note on Friday, July 14th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Legal & General Group from GBX 290 ($3.66) to GBX 275 ($3.47) in a research note on Monday, August 7th.

Legal & General Group Trading Up 0.1 %

Shares of OTCMKTS:LGGNY opened at $14.08 on Friday. The company’s fifty day moving average price is $14.73 and its 200-day moving average price is $14.90. Legal & General Group has a one year low of $11.18 and a one year high of $16.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.04 and a quick ratio of 3.04.

Legal & General Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 25th will be given a dividend of $0.337 per share. The ex-dividend date is Thursday, August 24th.

Legal & General Group Company Profile

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 Institutional (LGRI), Legal & General Investment Management (LGIM), Legal & General Capital (LGC), and Retail Retirement.