UBS has reiterated its buy recommendation for Legal & General, raising its target price from 265p to 275p, suggesting a potential upside of 16%.
The investment firm expects a share buyback of £500 million to be announced alongside the FY2024 results, which is projected to boost the total return for FY2025 to approximately 13%.
UBS affirms that the sustainable total return remains at around 11%, indicating confidence in the company's financial performance and strategic initiatives.
Investors are advised to consider this information in their decision-making process, and those seeking further guidance should consult a professional advisor before making investment decisions.