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Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group Plc has announced a transaction involving the purchase of ordinary shares by Sir John Kingman, the company’s Chair. This transaction, conducted on the London Stock Exchange, involves the acquisition of shares into an ISA, reflecting ongoing investment activities by key company personnel. Such transactions can signal confidence in the company’s financial health and future prospects, potentially impacting stakeholder perceptions and market positioning.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £239.00 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 overall stock score is primarily influenced by its financial performance challenges, including declining revenues and profitability, and liquidity issues. The technical analysis indicates a neutral to slightly bearish trend, while the valuation suggests potential overvaluation despite a high 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 operates in the financial services industry, providing insurance, investment management, and other financial products. The company focuses on offering a range of services including life insurance, pensions, and asset management, primarily within the UK market.
Average Trading Volume: 16,870,660
Technical Sentiment Signal: Buy
Current Market Cap: £13.44B
Find detailed analytics on LGEN stock on TipRanks’ Stock Analysis page.