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The latest announcement is out from Legal & General ( (GB:LGEN) ).
Legal & General Group Plc announced the repurchase of 2,845,884 of its ordinary shares as part of its ongoing share buyback program. This move is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening the company’s market position.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £230.00 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 reflects a combination of financial instability and high leverage, balanced by positive corporate actions such as share buybacks. Technical indicators provide neutral signals, while valuation concerns due to a high P/E ratio are offset by an attractive 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, primarily offering insurance, investment management, and retirement solutions. The company focuses on providing financial security and stability to its clients, leveraging its expertise in asset management and insurance products.
Average Trading Volume: 21,715,119
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.36B
See more data about LGEN stock on TipRanks’ Stock Analysis page.