Legal & General Group (LGEN)

Up
Share Price:
305.00p
Market Cap:
£16,853m
Change Today:
5.80p
Sector:
Insurance

Citi downgrades Legal & General to 'sell'

By Michele Maatouk

Date: Monday 10 Aug 2026

LONDON (ShareCast) - (Sharecast News) - Citi downgraded Legal & General on Monday to 'sell' from 'neutral' on valuation grounds and cut the price target to 245p from 251p as it noted the shares are up 19% year to date.
The bank said it was cutting its 2026-27 remittances by 4.5% following the first-half results. "This reflects lower pension buyout volumes underwritten at a reduced IFRS margin offset by higher operating profit from asset management driven by lower CIR, and an additional £100m per annum from asset optimisation actions," it said.

Citi said its core operating profit forecast continues to be broadly in-line with Visible Alpha consensus in 2026 and 2027.

"Our core operating EPS is expected to grow by 8% YoY compared to the company's communicated 9% outlook," it said.

The bank said it was making no changes to its 2026 dividend per share estimate.

At 0948 BST, the shares were down 1.7% at 311p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LGEN Market Data

Currency UK Pounds
Price 305.00p
Change Today 5.80p
52 Week High 316.40p
52 Week Low 233.70p
Volume 17,026,642
Shares Issued 5,526m
Market Cap £16,853m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
EPS Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector