Legal & General Shares Drop Amid Strong Sell Ratings from Major Banks
1 report, 1 independent
Updated Thu 00:00
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What happened
Legal & General Group PLC shares traded down 0.5% on November 12, closing at $20.83 after trading as low as $20.6320. The company confirmed that it operates in the United States while maintaining its primary customer base in the United Kingdom. The stock saw a decline of 23% from the average daily volume during mid-day trading.
From themarketsdaily.com
Why it matters
The stock decline follows recent downgrades by Citigroup, UBS Group, and The Goldman Sachs Group, all of which lowered the rating for Legal & General Group from 'hold' to 'strong sell.' Currently, the company holds an average rating of 'Strong Sell' among analysts.
From themarketsdaily.com
Who's involved
- Legal & GeneralBritish multinational financial services company providing insurance, retirement, and investment services.
- António SimõesServes as the CEO of Legal & General, guiding its overall company strategy.
- NetcallProvides a mission-critical software platform that Legal & General relies upon for its operations.
- Albert ManifoldInvolved in a corporate governance challenge regarding his election as chairman of Legal & General.
- Church CommissionersEngaged in a formal partnership with Legal & General regarding development projects.
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The entities involved
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Legal & General
British multinational financial services company
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