Here’s where I see the Legal & General share price ending 2024

Legal & General Group (LSE:LGEN) is one of the most popular FTSE 100 stocks to buy, largely thanks to its mammoth 8% dividend yield. While passive income might be the main attraction, it’s worth considering where the Legal & General share price could go next. The stock’s up 2% since January, although it’s fluctuated a fair bit. So should we expect more of the same or might the share price find a clearer direction from here? Here’s my take. The consensus 12-month City forecast for Legal & General shares is 275p, which implies a 9.2% gain from today’s level. However, that median figure encapsulates a wide spread of predictions. These range from a 16.6% fall at the bottom end to a 33% rise from the most bullish analysts. Now, it’s worth taking any forecasts about a stock’s future direction with a pinch of salt — including my own! After all, none of us have a crystal ball. Where the share price will go next hinges on multiple factors, including future earnings and changes in the macroeconomic climate. Nonetheless, it’s a useful starting point to gauge current market sentiment. One factor that could have a significant impact on Legal & General’s...

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