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The latest announcement is out from London Stock Exchange ( (GB:LSEG) ).
The London Stock Exchange Group plc announced the purchase of 125,838 of its ordinary shares from Goldman Sachs International as part of its ongoing share buyback program. The shares were bought at an average price of 94.5431 pence and will be held in treasury, impacting the total voting rights in the company. 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 £10230.00 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.
The London Stock Exchange’s strong financial performance and positive corporate events are significant strengths. However, the technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation, which tempers the overall score.
To see Spark’s full report on GB:LSEG stock, click here.
More about London Stock Exchange
The London Stock Exchange Group plc (LSEG) operates within the financial services industry, primarily focusing on stock exchange and financial market infrastructure. It provides a range of services including trading, clearing, settlement, and data services, catering to a global market of financial institutions and investors.
Average Trading Volume: 1,329,368
Technical Sentiment Signal: Hold
Current Market Cap: £49.64B
Find detailed analytics on LSEG stock on TipRanks’ Stock Analysis page.