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Legal & General ( (GB:LGEN) ) has provided an announcement.
Legal & General Group Plc announced the repurchase of 2,459,353 of its ordinary shares as part of its share buyback programme initiated in March 2025. This move will reduce the total number of shares in issue to 5,785,693,452, potentially enhancing shareholder value and optimizing the company’s capital structure.
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 influenced significantly by its challenging financial performance, which is a major concern. However, the strong technical indicators suggest bullish momentum, and recent corporate actions signal confidence from management and directors. The high dividend yield provides a buffer against the high P/E ratio, contributing to a moderate valuation score.
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, primarily offering insurance, investment management, and retirement solutions. The company focuses on providing a range of financial products and services to individual and institutional clients, with a strong presence in the UK market.
Average Trading Volume: 25,736,724
Technical Sentiment Signal: Buy
Current Market Cap: £14.65B
See more insights into LGEN stock on TipRanks’ Stock Analysis page.