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The latest update is out from Legal & General ( (GB:LGEN) ).
Legal & General Group Plc announced a notification regarding transactions by its Non-Executive Directors, Ric Lewis and Laura Wade-Gery. Both directors purchased ordinary shares of the company at a price of £2.555 each, with Lewis acquiring 1,030 shares and Wade-Gery acquiring 973 shares. This transaction, conducted on the London Stock Exchange, reflects the directors’ confidence in the company’s market position and future prospects.
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.
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 retirement solutions. The company is focused on providing financial security and stability to its clients, with a significant presence in the UK market.
Average Trading Volume: 19,483,446
Technical Sentiment Signal: Buy
Current Market Cap: £14.5B
Find detailed analytics on LGEN stock on TipRanks’ Stock Analysis page.