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London Stock Exchange ( (GB:LSEG) ) has shared an announcement.
London Stock Exchange Group PLC announced the purchase of 198,595 of its ordinary shares from Morgan Stanley as part of its ongoing share buyback program. This transaction is intended to hold the shares in treasury, impacting the total voting rights in the company, which now stands at 528,153,788. This move is part of LSEG’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £113.00 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 Outperform.
LSEG’s robust financial performance and positive earnings outlook are major strengths, driving the high score. However, technical indicators suggest bearish momentum, and the high P/E ratio raises concerns about overvaluation. The company’s strategic initiatives and strong cash flow position support future growth prospects.
To see Spark’s full report on GB:LSEG stock, click here.
More about London Stock Exchange
London Stock Exchange Group PLC (LSEG) operates within the financial services industry, primarily focusing on providing trading platforms, market data, and analytics services. The company is a key player in the global financial markets, facilitating the buying and selling of securities and offering a range of services to market participants.
Average Trading Volume: 1,211,951
Technical Sentiment Signal: Buy
Current Market Cap: £59.02B
For detailed information about LSEG stock, go to TipRanks’ Stock Analysis page.