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An announcement from Legal & General ( (GB:LGEN) ) is now available.
Legal & General Group Plc announced the repurchase of 3,471,048 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, will reduce the total number of shares in issue to 5,709,967,345, potentially enhancing shareholder value and reflecting the company’s commitment to returning capital to shareholders.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £275.00 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 strong technical indicators and positive corporate events, which suggest confidence in future growth and shareholder value enhancement. However, significant financial performance challenges and a high P/E ratio weigh down the score, indicating potential risks that need addressing.
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 insurance, investment management, and pensions. The company is focused on providing financial security and investment solutions to a diverse market, including individual and institutional clients.
Average Trading Volume: 18,357,674
Technical Sentiment Signal: Buy
Current Market Cap: £14.6B
For detailed information about LGEN stock, go to TipRanks’ Stock Analysis page.