Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Legal & General ( (GB:LGEN) ) just unveiled an update.
Legal & General Group Plc announced the repurchase of 1,500,000 ordinary shares as part of its share buyback program initiated in March 2025. The repurchased shares will be cancelled, reducing the total number of shares in issue to 5,780,958,405, which could potentially enhance shareholder value by increasing earnings per share.
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.
The stock’s overall score reflects a mixed outlook. The company’s financial performance is a significant concern due to declining revenues and profitability, which impacts the score negatively. However, strong market momentum and strategic corporate actions like share buybacks provide some positive offset. The high valuation is a risk factor, suggesting limited room for price appreciation. The absence of earnings call data means that recent strategic directions are not fully captured in this analysis.
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 life insurance, pensions, and investment management services. The company focuses on the UK market and has a significant presence in the global financial services sector.
Average Trading Volume: 25,876,764
Technical Sentiment Signal: Buy
Current Market Cap: £14.72B
For detailed information about LGEN stock, go to TipRanks’ Stock Analysis page.