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London Stock Exchange ( (GB:LSEG) ) has shared an announcement.
LSEG announced the purchase of 124,630 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 92.7146 pence and will be held in treasury. This transaction reflects LSEG’s strategy to optimize its capital structure and potentially enhance shareholder value, while maintaining a total of 526,510,273 voting rights in the company.
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.
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
London Stock Exchange Group plc (LSEG) operates in the financial services industry, providing a range of services including trading, clearing, and information services. It is a leading global financial markets infrastructure and data provider, serving a diverse range of customers worldwide.
Average Trading Volume: 1,305,104
Technical Sentiment Signal: Hold
Current Market Cap: £48.64B
For a thorough assessment of LSEG stock, go to TipRanks’ Stock Analysis page.