Added to YB: 2024-06-17
Pitch date: 2024-06-17
LGEN.L [bullish]
Legal & General Group Plc
+19.88%
current return
Author Info
No bio for this author
Company Info
Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally.
Market Cap
GBP 13.4B
Pitch Price
GBP 2.05
Price Target
N/A
Dividend
8.96%
EV/EBITDA
38.47
P/E
31.20
EV/Sales
4.88
Sector
Insurance
Category
turnaround
Legal & General's (LON: LGEN). Good Opportunity?
LGEN.L: New CEO António Simões unveils restructuring for 'simpler, better-connected L&G'. Targets £50-65B UK PRT by 2028, £100-150M asset mgmt revenue 2025-28, £40-50B retail net flows 2024-28. Merging LGIM & LGC, 6-9% core EPS CAGR 2024-27, 20%+ ROE. £200M buyback 2024. Risks: Uncertainty, regulatory changes. 9% yield appeals to income investors.
Read full article (4 min)