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Legal & General ( (GB:LGEN) ) just unveiled an update.
Legal & General Group Plc announced the repurchase of 3,621,174 of its ordinary shares as part of its ongoing share buyback program, initially announced in March 2025. The repurchased shares will be cancelled, reducing the total number of shares in issue to 5,713,438,393, which reflects the company’s commitment to returning value to shareholders and optimizing its capital structure.
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 providing insurance, investment management, and retirement solutions. The company focuses on offering a range of financial products and services to individual and institutional clients, with a strong presence in the UK and international markets.
Average Trading Volume: 18,357,674
Technical Sentiment Signal: Buy
Current Market Cap: £14.6B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.