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Legal & General ( (GB:LGEN) ) has provided an update.
Legal & General Group Plc announced the final results of its tender offer for £600,000,000 Fixed Rate Reset Subordinated Notes due 2064. The company accepted £587,295,000 in aggregate nominal amount of the Notes without any scaling, and intends to cancel all purchased Notes, leaving £12,705,000 outstanding. This move is part of Legal & General’s strategic financial management, potentially impacting its capital structure and stakeholder interests.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £227.00 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 impacted by its weak financial performance and bearish technical indicators. The company’s high leverage and liquidity issues are significant concerns. While the stock offers a high dividend yield, its overvaluation and negative market momentum further weigh down the score.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Legal & General Group Plc is a financial services company based in England, primarily offering insurance, investment management, and retirement solutions. The company focuses on providing financial security and stability to its clients through a range of financial products.
Average Trading Volume: 17,178,524
Technical Sentiment Signal: Buy
Current Market Cap: £13.22B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.