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Legal & General ( (GB:LGEN) ) has provided an announcement.
Legal & General Group Plc announced the purchase of ordinary shares under its Dividend Reinvestment Plan (DRIP) by Sir John Kingman, the company’s Chair. The transaction, conducted on the London Stock Exchange, involved the acquisition of 4,129 shares at a price of £2.37 each. This move is part of the company’s ongoing efforts to maintain transparency and compliance with the UK Market Abuse Regulation, potentially reinforcing investor confidence and stability in its governance practices.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £239.00 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 financial performance challenges, including declining revenues and profitability, and liquidity issues. The technical analysis indicates a neutral to slightly bearish trend, while the valuation suggests potential overvaluation despite a high dividend yield. The absence of earnings call and corporate events data limits further insights.
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, pensions, and investment management. The company focuses on providing financial security and investment solutions to a broad market, including individual and institutional clients.
Average Trading Volume: 16,870,660
Technical Sentiment Signal: Buy
Current Market Cap: £13.44B
For an in-depth examination of LGEN stock, go to TipRanks’ Overview page.