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Legal & General ( (GB:LGEN) ) has provided an update.
Legal & General Group Plc has announced a transaction involving its Chair, Sir John Kingman, who purchased ordinary shares of the company into an ISA. This transaction, conducted on the London Stock Exchange, reflects ongoing managerial engagement with the company’s stock, potentially signaling confidence in its market position and future performance.
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 overall score reflects a balanced view of strengths and weaknesses. The company’s robust technical indicators and strategic share buyback initiatives bolster confidence. However, financial performance concerns, particularly around liquidity and profitability, weigh on the score. Valuation presents a mixed picture with a high P/E ratio offset by a strong dividend yield.
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, offering a range of products including life insurance, general insurance, pensions, and investment management. The company focuses on providing financial security and investment solutions to individuals and institutions.
Average Trading Volume: 25,026,256
Technical Sentiment Signal: Buy
Current Market Cap: £14.49B
Learn more about LGEN stock on TipRanks’ Stock Analysis page.