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Legal & General ( (GB:LGEN) ) has provided an announcement.
Legal & General Group Plc announced the repurchase of 3,500,000 of its ordinary shares as part of its share buyback program initiated in March 2025. This move is expected to enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares and demonstrating the company’s confidence in its financial health.
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.
Legal & General’s overall stock score is primarily impacted by significant financial performance challenges, notably declining revenues and cash flow issues. These weigh heavily on its attractiveness. While technical analysis shows some positive momentum and corporate events like share buybacks offer optimism, the high valuation metrics suggest caution. 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 is a prominent player in the financial services industry, offering a range of products including insurance, investment management, and retirement solutions. The company focuses on providing financial security and stability to its clients, leveraging its extensive market presence and expertise.
Average Trading Volume: 22,237,821
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.86B
For detailed information about LGEN stock, go to TipRanks’ Stock Analysis page.