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Legal & General ( (GB:LGEN) ) just unveiled an update.
Legal & General Group Plc has repurchased 1,500,000 of its ordinary shares as part of its share buyback program announced earlier in March 2025. This move, executed through Barclays Capital Securities Limited, reduces the company’s total shares in issue to 5,760,401,280, potentially enhancing shareholder value and reflecting confidence in its financial stability.
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.
The overall score reflects a balanced view of strengths and weaknesses. The company’s robust technical indicators and strategic share buyback initiatives bolster confidence. However, financial performance concerns, particularly around liquidity and profitability, weigh on the score. Valuation presents a mixed picture with a high P/E ratio offset by a strong dividend yield.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Legal & General Group Plc is a prominent player in the financial services industry, primarily offering a range of insurance products, investment management, and retirement solutions. The company focuses on providing financial security and investment opportunities to individuals and institutions, with a significant presence in the UK market.
Average Trading Volume: 25,026,256
Technical Sentiment Signal: Buy
Current Market Cap: £14.49B
See more data about LGEN stock on TipRanks’ Stock Analysis page.