Legal & General ( (GB:LGEN) ) has issued an update.
Legal & General Group Plc announced a reduction in its total number of ordinary shares and voting rights following the cancellation of 6,679,699 shares. This adjustment, effective as of April 30, 2025, brings the total number of voting rights to 5,853,773,517. This change is significant for shareholders as it affects the denominator used for calculating their interest in the company under the FCA Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:LGEN Stock
According to Spark, TipRanks’ AI Analyst, GB:LGEN is a Neutral.
Legal & General’s stock score reflects significant financial performance challenges, particularly in revenue stability and cash flow management. While technical analysis shows some positive momentum, the high valuation metrics suggest potential overvaluation. The high dividend yield and positive corporate events like share buybacks offer some optimism but are not enough to outweigh the core financial weaknesses. Investors should be cautious, considering the moderate risk and limited growth prospects unless financial health improves.
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 pensions. The company focuses on providing financial solutions to both individual and institutional clients, with a strong presence in the UK market.
YTD Price Performance: 8.70%
Average Trading Volume: 22,412,094
Technical Sentiment Signal: Strong Sell
Current Market Cap: £13.56B
Learn more about LGEN stock on TipRanks’ Stock Analysis page.