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The latest update is out from Legal & General ( (GB:LGEN) ).
Legal & General Group Plc announced a share transfer involving its Group Chief Executive Officer, António Simões, who transferred 313,947 ordinary shares to his spouse, Tomas de Zarate, at no cost. This transaction does not affect Simões’ aggregate beneficial shareholding in the company, maintaining alignment with shareholder interests. The notification complies with the UK Market Abuse Regulation, ensuring transparency in the company’s executive transactions.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.30 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 overall stock score is primarily impacted by financial performance challenges, including declining revenues, profitability issues, and liquidity concerns. Technical analysis suggests a neutral trend with mild bullish momentum, but the high P/E ratio indicates overvaluation despite an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Legal & General Group Plc is a leading financial services company, primarily engaged in providing insurance, investment management, and retirement solutions. The company focuses on delivering financial security and prosperity to its clients across various markets.
Average Trading Volume: 19,601,761
Technical Sentiment Signal: Buy
Current Market Cap: £13.38B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.