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Legal & General ( (GB:LGEN) ) just unveiled an announcement.
Legal & General Group Plc announced that several directors have purchased ordinary shares under the Dividend Reinvestment Plan (DRIP) at a price of £2.37 per share. This transaction, disclosed in compliance with the UK Market Abuse Regulation, reflects the directors’ confidence in the company’s financial health and future prospects, potentially strengthening stakeholder trust and market positioning.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £237.00 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 impacted by its financial performance challenges, including declining revenues, profitability, and liquidity issues. Technical analysis indicates a bearish trend, while the high P/E ratio suggests overvaluation, partially offset by a strong 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 life insurance, pensions, and investment management. The company focuses on providing financial security and investment solutions to a diverse market.
Average Trading Volume: 16,704,034
Technical Sentiment Signal: Buy
Current Market Cap: £13.4B
See more data about LGEN stock on TipRanks’ Stock Analysis page.