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Legal & General ( (GB:LGEN) ) has shared an announcement.
Legal & General’s Asset Management division is positioned as a core growth engine for the company, aiming for sustainable, profitable expansion by leveraging its market leadership in UK Defined Benefit and Defined Contribution schemes. The company plans to capitalize on growing global demand for retirement solutions by expanding its client base and investment offerings, optimizing its core investment solutions, and scaling its presence in private markets. By 2028, L&G targets significant growth in operating profit and assets under management, with a focus on increasing fee-related earnings and improving cost efficiency. This strategic focus is expected to enhance the company’s market positioning and deliver strong returns for stakeholders.
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 for Legal & General is influenced primarily by its financial performance challenges, including declining revenues and cash flow issues. However, the positive technical indicators and frequent share buybacks provide some support to the stock, suggesting potential for shareholder value enhancement. The high dividend yield is attractive, but the high P/E ratio indicates overvaluation concerns.
To see Spark’s full report on GB:LGEN stock, click here.
More about Legal & General
Established in 1836, Legal & General (L&G) is a leading UK financial services group and a major global investor, managing £1.1 trillion in assets. The company operates in Institutional Retirement, Retail Savings and Protection, and Asset Management across public and private markets, with a commitment to responsible investing and serving long-term savings and investment needs.
Average Trading Volume: 25,482,741
Technical Sentiment Signal: Strong Buy
Current Market Cap: £14.44B
Find detailed analytics on LGEN stock on TipRanks’ Stock Analysis page.
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