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Legal & General ( (GB:LGEN) ) has provided an announcement.
Legal & General Group Plc announced the repurchase of 1,000,000 ordinary shares as part of its share buyback program, which was initially announced in March 2025. The repurchased shares will be canceled, reducing the total number of shares in issue to 5,755,560,902, thereby potentially increasing shareholder value and consolidating the company’s market 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.
The most significant factor impacting the score is the weak financial performance, characterized by declining revenues, profitability, and liquidity issues. Technical analysis shows mixed signals, lacking strong upward momentum. Valuation is high, but the dividend yield offers some appeal. Corporate events such as share buybacks are positive, but their influence is limited by the stronger negative financial factors.
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 diverse range of clients, including individuals and institutional investors.
Average Trading Volume: 23,514,340
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.19B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.