Legal & General Group Plc (LON:LGEN)

[SMR]

Legal & General Group plc is a United Kingdom-based company engaged in financial services business. The Company is a provider of protection, savings and investment products to United Kingdom building societies. The Company is also offers services in insurance and asset management categories. The Company operates in five reportable segments: Legal and General Assurance Society (LGAS), Legal and General Retirement (LGR), Legal and General Investment Management (LGIM), Legal and General America (LGA), and Legal and General Capital (LGC). LGAS represents protection business, including retail protection, group protection and general insurance and Savings business such as platforms, workplace, SIPPs, mature savings and with-profits. LGR represents Annuities both individual and bulk purchase and longevity insurance. The LGIM segment represents institutional and retail investment management businesses. The LGA segment represents protection business written in the United States.

Official website: www.legalandgeneralgroup.com

[jonsmith]

RECOMMENDATION BUY


TARGET 275.50


The Major trend of LEGAL & GENERAL GROUP PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 272.80 then it can test resistance level for the target of 275.50 with the stop loss of 270.50



CHART FORMATION:-
Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.



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