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Legal & General ( (GB:LGEN) ) just unveiled an update.
Legal & General Group Plc has announced a notification regarding transactions by its Non-Executive Directors, Ric Lewis and Laura Wade-Gery, who have purchased shares under their Terms of Appointment. The transactions, conducted on the London Stock Exchange, involved the purchase of ordinary shares at a price of £2.563 each, with Lewis acquiring 1,027 shares and Wade-Gery 1,062 shares. This announcement highlights the directors’ confidence in the company’s performance and may positively influence stakeholder perception.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £2.75 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, providing a range of products including life insurance, general insurance, pensions, and investment management services. The company focuses on delivering financial security and investment solutions to individual and corporate clients, primarily in the UK market.
Average Trading Volume: 25,026,256
Technical Sentiment Signal: Buy
Current Market Cap: £14.49B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.