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Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group Plc announced a transaction involving the purchase of ordinary shares by Sir John Kingman, the Chair of the company. The transaction, conducted on the London Stock Exchange, involved the acquisition of 643 shares at a price of £2.554198 each, and was disclosed in compliance with the UK Market Abuse Regulation. This transaction highlights the ongoing engagement of the company’s leadership in its financial operations, potentially reinforcing stakeholder confidence.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £2.43 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.
Legal & General’s stock is facing notable financial challenges, particularly with declining revenues and negative cash flow, which dampens its overall attractiveness. However, the company’s technical indicators show some positive momentum, and its high dividend yield is appealing to income investors. The extensive share buyback program signals management’s confidence and provides a significant boost to the stock’s potential, offsetting some financial concerns.
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 insurance, investment management, and pensions. The company focuses on providing financial security and investment solutions to a diverse market, including individuals, businesses, and institutions.
Average Trading Volume: 19,483,446
Technical Sentiment Signal: Buy
Current Market Cap: £14.5B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.