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Legal & General ( (GB:LGEN) ) has provided an update.
Legal & General Group Plc announced the repurchase of 1,969,508 of its ordinary shares as part of its ongoing share buyback program initiated in March 2025. This transaction, executed through Barclays Capital Securities Limited, aims to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £2.43 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 is primarily influenced by its weak financial performance, highlighted by revenue declines and liquidity issues. Despite positive corporate actions like share buybacks, the high P/E ratio suggests overvaluation concerns, tempering the positive sentiment from technical indicators.
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, focusing on providing insurance, investment management, and retirement solutions. The company primarily serves markets in the UK and internationally, offering a range of products including life insurance, pensions, and asset management services.
Average Trading Volume: 19,984,442
Technical Sentiment Signal: Buy
Current Market Cap: £14.43B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.