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.
An update from Legal & General ( (GB:LGEN) ) is now available.
Legal & General Group Plc announced the repurchase of 1,500,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, executed through Barclays Capital Securities Limited, will result in the cancellation of the repurchased shares, adjusting the total number of shares in issue to 5,704,536,779, thereby potentially enhancing shareholder value and optimizing the company’s 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, offering a range of products including insurance, investment management, and retirement solutions. The company focuses on providing financial security and investment opportunities to its clients, with a strong presence in the UK market.
Average Trading Volume: 18,135,953
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.38B
Learn more about LGEN stock on TipRanks’ Stock Analysis page.