Legal & General has received a reaffirmed Buy recommendation from UBS, with the investment firm increasing its target price from 265p to 275p. This suggests a potential upside of 16%.
UBS predicts that Legal & General will announce a share buyback of £500 million alongside its FY2024 results, which is expected to enhance the total return for FY2025 to approximately 13%. UBS also maintains confidence in the company's financial performance, stating that the sustainable total return remains around 11%.
It is advised that investors carefully consider this information and consult a professional advisor if they lack expertise in making investment decisions.