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Legal & General ( (GB:LGEN) ) has issued an announcement.
Legal & General Group Plc has repurchased 3,000,000 of its ordinary shares as part of its ongoing share buyback program announced in March 2025. This transaction, executed through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 5,745,299,081, potentially enhancing shareholder value and reflecting the company’s confidence in its financial position.
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 stock is challenged by poor financial performance and high valuation, yet benefits from positive technical indicators and proactive corporate events. The significant share buyback program and high dividend yield provide support, despite financial instability concerns. Management’s confidence, as reflected in buybacks, is a key positive factor.
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 life insurance, pensions, and investment management services. The company focuses on providing financial security and investment solutions to a diverse market, including individuals, businesses, and institutions.
Average Trading Volume: 21,756,606
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.26B
See more data about LGEN stock on TipRanks’ Stock Analysis page.