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An announcement from Legal & General ( (GB:LGEN) ) is now available.
Legal & General Group Plc has repurchased 1,792,707 of its ordinary shares as part of its share buyback program announced earlier in March 2025. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation, which now stands at 5,729,440,547 ordinary shares.
The most recent analyst rating on (GB:LGEN) stock is a Buy with a £3.20 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.
The overall stock score reflects significant financial performance challenges, including declining profitability and liquidity issues. While technical indicators show bullish momentum, the high P/E ratio indicates potential overvaluation concerns. The share buyback program is a positive note, highlighting efforts to enhance shareholder value.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Legal & General Group Plc is a leading financial services company in the UK, primarily involved in the provision of insurance, investment management, and other financial products and services. The company focuses on offering solutions that cater to a broad range of market needs, including retirement, savings, and protection products.
Average Trading Volume: 21,396,612
Technical Sentiment Signal: Buy
Current Market Cap: £14.55B
See more data about LGEN stock on TipRanks’ Stock Analysis page.