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Legal & General ( (GB:LGEN) ) has shared an update.
Legal & General Group Plc announced the repurchase of 4,000,000 of its ordinary shares as part of its ongoing share buyback program. This move is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening the company’s market position.
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 stock score is hindered primarily by financial instability and high valuation. However, positive technical indicators and strategic corporate actions, such as share buybacks, provide some support and market confidence.
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, investment management, and retirement solutions. The company is focused on providing financial security and stability to its clients, with a strong presence in the UK market.
Average Trading Volume: 25,817,482
Technical Sentiment Signal: Buy
Current Market Cap: £14.65B
For an in-depth examination of LGEN stock, go to TipRanks’ Stock Analysis page.