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Legal & General ( (GB:LGEN) ) just unveiled an update.
Legal & General Group Plc announced the repurchase of 3,372,687 of its ordinary shares as part of its share buyback program initiated in March 2025. This move reduces the total number of shares in circulation, potentially increasing shareholder value and demonstrating the company’s commitment to returning capital to shareholders.
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 overall stock score for Legal & General is primarily influenced by technical analysis and corporate events. The technical indicators show a stable trend, and the company’s aggressive share buyback strategy is viewed positively, indicating confidence in its financial health. However, financial performance is a significant concern, with declining revenues, high leverage, and liquidity issues. The valuation also indicates potential overvaluation, which could pose risks.
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 institutions, across various markets.
Average Trading Volume: 21,721,993
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.35B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.