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The latest announcement is out from Legal & General ( (GB:LGEN) ).
Legal & General Group Plc has announced the purchase of shares by several key executives under the company’s Employee Share Plan. This transaction, conducted on the London Stock Exchange, involved the acquisition of ordinary shares at a price of £2.36 each by five senior figures, including the Group Chief Financial Officer and the Chief Executive Officer of Legal & General Institutional Retirement. This move reflects confidence in the company’s future prospects and aligns the interests of the management with those of the shareholders.
The most recent analyst rating on (GB:LGEN) stock is a Hold with a £239.00 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 influenced by its financial performance challenges, including declining revenues and profitability, and liquidity issues. The technical analysis indicates a neutral to slightly bearish trend, while the valuation suggests potential overvaluation despite a high dividend yield. The absence of earnings call and corporate events data limits further insights.
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, pensions, and investment management services. The company primarily focuses on providing retirement solutions, risk management, and investment opportunities to both individual and institutional clients.
Average Trading Volume: 16,594,610
Technical Sentiment Signal: Buy
Current Market Cap: £13.28B
Learn more about LGEN stock on TipRanks’ Stock Analysis page.