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Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group Plc announced the purchase of ordinary shares under its Employee Share Plan and Share Bonus Plan’s Dividend Reinvestment program. The transactions involved key managerial personnel and were conducted on the London Stock Exchange, reflecting the company’s ongoing commitment to align employee interests with shareholder value.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 price target. To see the full list of analyst forecasts on Legal & General stock, see the GB:LGEN Stock Forecast page.
Spark’s Take on GB:LGEN Stock
According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.
The most significant factor impacting Legal & General’s stock score is its strong technical momentum, suggesting potential for continued price appreciation. However, this is offset by significant financial challenges including declining revenues and profitability, and liquidity concerns. The high P/E ratio indicates overvaluation, but the stock offers an attractive dividend yield. Positive corporate events such as share buybacks and executive share purchases indicate management’s confidence, providing some support to the stock’s potential.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Legal & General Group Plc operates in the financial services industry, providing a range of products and services including insurance, investment management, and retirement solutions. The company focuses on institutional and individual clients, aiming to offer comprehensive financial planning and risk management solutions.
Average Trading Volume: 25,711,488
Technical Sentiment Signal: Buy
Current Market Cap: £14.56B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.