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London Stock Exchange ( (GB:LSEG) ) has provided an announcement.
London Stock Exchange Group plc announced the purchase of 124,416 of its ordinary shares from Goldman Sachs International as part of its ongoing share buyback program. The shares were acquired at an average price of 86.3329 pence and will be held in treasury. This transaction is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s stock liquidity and market perception.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £129.00 price target. To see the full list of analyst forecasts on London Stock Exchange stock, see the GB:LSEG Stock Forecast page.
Spark’s Take on GB:LSEG Stock
According to Spark, TipRanks’ AI Analyst, GB:LSEG is a Neutral.
The London Stock Exchange’s overall stock score reflects strong financial performance, which is the most significant factor. However, bearish technical indicators and a high P/E ratio weigh down the score. The lack of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:LSEG stock, click here.
More about London Stock Exchange
London Stock Exchange Group plc (LSEG) operates in the financial services industry, providing a range of services including stock exchange listings, trading, and market data. The company is a key player in the global financial markets, facilitating capital raising, trading, and investment activities.
Average Trading Volume: 1,427,848
Technical Sentiment Signal: Sell
Current Market Cap: £45.65B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.