Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General Group Plc announced the purchase and subsequent cancellation of 986,292 ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Barclays Capital Securities Limited, aims to reduce the number of shares in circulation, potentially enhancing shareholder value and reflecting the company’s commitment to returning capital to its investors.
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, primarily offering insurance, investment management, and retirement solutions. The company focuses on providing financial security and investment opportunities to its clients across various markets.
Average Trading Volume: 17,500,055
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.21B
See more data about LGEN stock on TipRanks’ Stock Analysis page.