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Legal & General ( (GB:LGEN) ) has shared an update.
Legal & General Group Plc announced the purchase of ordinary shares by three of its Non-Executive Directors, Mark Jordy, Ric Lewis, and Laura Wade-Gery, under their Terms of Appointment. The transactions were conducted on the London Stock Exchange, with each director purchasing shares at a price of £2.362, reflecting confidence in the company’s future prospects and potentially impacting stakeholder perceptions positively.
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, providing a range of products including insurance, investment management, and pensions. The company focuses on delivering financial security and stability to its clients, with a strong presence in the UK market.
Average Trading Volume: 16,870,660
Technical Sentiment Signal: Buy
Current Market Cap: £13.44B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.