Legal & General: UBS raises target price
(CercleFinance.com) - UBS confirms its buy recommendation on the insurer's share, while raising its target price for it to 275p (from 265p), giving it 16% upside potential.
UBS expects a share buyback of £500m on the release of FY2024 results, which will take the FY2025 total return to around 13%. The sustainable total return remains at around 11%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
UBS expects a share buyback of £500m on the release of FY2024 results, which will take the FY2025 total return to around 13%. The sustainable total return remains at around 11%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.