Legal & General Group Plc (OTCMKTS:LGGNY) Sees Large Increase in Short Interest

Legal & General Group Plc (OTCMKTS:LGGNY – Get Rating) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 15,300 shares, an increase of 750.0% from the May 15th total of 1,800 shares. Based on an average daily volume of 152,000 shares, the days-to-cover ratio is currently 0.1 days.

LGGNY has been the subject of a number of recent analyst reports. Royal Bank of Canada reduced their target price on Legal & General Group from GBX 380 ($4.76) to GBX 350 ($4.39) in a report on Friday, March 18th. Zacks Investment Research raised Legal & General Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Morgan Stanley reduced their target price on Legal & General Group from GBX 330 ($4.14) to GBX 329 ($4.12) in a report on Tuesday, April 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Legal & General Group from GBX 320 ($4.01) to GBX 330 ($4.14) in a report on Monday, March 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $257.75.

Legal & General Group stock traded down $0.17 during midday trading on Friday, reaching $16.12. 84,240 shares of the company were exchanged, compared to its average volume of 70,383. Legal & General Group has a 1 year low of $14.40 and a 1 year high of $21.50. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $16.53 and its 200-day simple moving average is $18.37.

(Ad)

If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!

The firm also recently declared a dividend, which was paid on Wednesday, June 8th. Investors of record on Friday, April 22nd were given a dividend of $0.8223 per share. This represents a yield of 6.34%. The ex-dividend date was 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).

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Legal & General Group right now?

Before you consider Legal & General Group, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Legal & General Group wasn’t on the list.

While Legal & General Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 

https://www.marketbeat.com/instant-alerts/otcmkts-lggny-options-data-report-2022-06-2/