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An update from Legal & General ( (GB:LGEN) ) is now available.
Legal & General Group Plc has repurchased nearly 4 million of its ordinary shares as part of its ongoing share buyback program, initially announced in March 2025. This transaction, executed through Barclays Capital Securities Limited, will result in the cancellation of the repurchased shares, potentially enhancing shareholder value by reducing the total number of shares in circulation, thus increasing the value of remaining shares.
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 exhibits a mixed outlook. While the company faces significant financial challenges with declining revenues and cash flow issues, the technical analysis shows positive market momentum. The ongoing share buyback program and high dividend yield provide some support, but the high P/E ratio raises valuation concerns. Overall, the stock’s appeal is moderate, balanced by financial weaknesses and technical strengths.
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 insurance, investment management, and retirement solutions. The company focuses on offering a range of financial products and services to both individual and institutional clients, with a significant presence in the UK market.
Average Trading Volume: 24,337,272
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.7B
Find detailed analytics on LGEN stock on TipRanks’ Stock Analysis page.