Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Legal & General ( (GB:LGEN) ) is now available.
Legal & General Group Plc announced the repurchase of 1,500,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, aims to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s confidence in its financial stability.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 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 significant financial challenges, including declining profitability and liquidity issues, which are major concerns. However, technical analysis shows neutral momentum, and corporate actions like share buybacks demonstrate management confidence, providing a positive counterbalance. Despite a high P/E ratio, the substantial dividend yield offers some appeal to investors.
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 pension services. The company is known for its focus on providing financial security and investment solutions to a wide range of clients, including individuals, businesses, and institutions.
Average Trading Volume: 22,986,081
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.22B
For a thorough assessment of LGEN stock, go to TipRanks’ Stock Analysis page.