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Legal & General ( (GB:LGEN) ) has shared an update.
Legal & General Group Plc announced the repurchase and cancellation of 5,948,320 ordinary shares as part of its ongoing share buyback program initiated in March 2025. This transaction, executed through Barclays Capital Securities Limited, reduces the total number of shares in issue to 5,696,705,949, potentially enhancing shareholder value by decreasing the number of shares available in the market.
The most recent analyst rating on (GB:LGEN) stock is a Sell with a £200.00 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 strong technical indicators and positive corporate events, which suggest confidence in future growth and shareholder value enhancement. However, significant financial performance challenges and a high P/E ratio weigh down the score, indicating potential risks that need addressing.
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 investment opportunities to a wide range of clients, including individuals, businesses, and institutions.
Average Trading Volume: 17,042,349
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.94B
See more data about LGEN stock on TipRanks’ Stock Analysis page.