The number of shares of Legal & General Group Plc (OTCMKTS: LGGNY) sold short in December fell significantly. There were a total of 30,800 shares shorted as of December 15th, down 21.6% from the 39,300 shares sold short as of November 30th. The current short ratio is 0.9 days. This number was derived using data.
During Monday’s noon trading, LGGNY’s stock fell $0.09, bringing the total price of the company’s shares to $15.11. Only 24,000 shares of the company are trading, down from the stock’s normal trading volume of 61,288 shares. The company’s stock is currently trading at a 50-day moving average of $14.81 and a 200-day moving average of $14.79. The lowest score for the Legal & General group over the past year was $11.18 and the company’s highest score over the past year was $21.50.
Several research firms have recently produced and published reports on LGGNY. His research firm, Exane BNP Paribas, lifted the share price of Legal & General Group from ‘neutral’ to ‘outperforming’ in a report published and open to the public on November 18. Barclays has raised its target price for its Legal & General Group shares in a research report published on 22nd November. The new price target has been increased from the previous price target of GBX 390 ($4.71) to GBX 397 ($4.79). In a research note released on 15 November 2018, UBS Group improved its rating on the Legal & General Group to ‘Neutral’, up from its previous ‘Sold’ rating. Morgan Stanley lowered its price target for the Legal & General Group from its GBX 298 ($3.60) to its GBX 295 ($3.56) in a research report released Sept. 7. From GBX 330 ($3.98) he was reduced to GBX 285 ($3.44) in a research note distributed on Thursday, October 27th. The bank made this change after he decided to set his price target at GBX 330 in the past. Four market analysts gave this stock a “Hold” rating, four others gave it a “Buy” rating, and no analysts gave it a “Hold” rating. According to Bloomberg.com, the company is currently rated “moderate buy” with an average price target of $331.75. Additionally, the website reports that the stock’s price target is set at $331.75.
Legal & General Group Plc is an international company providing a wide range of insurance products and services to consumers around the world. These locations include the UK and US. Its four business segments are called Legal & General Retirement (LGR), Legal & General Investment Management (LGIM), Legal & General Capital (LGC) and Legal & General Insurance (LGI).
