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London Stock Exchange ( (GB:LSEG) ) just unveiled an announcement.
London Stock Exchange Group plc has announced the purchase of 279,588 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 86.2986 pence and will be held in treasury, impacting the total voting rights in the company. This transaction reflects LSEG’s strategic initiative to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £13500.00 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, primarily focusing on providing trading platforms, clearing services, and financial data solutions. It serves a global market, facilitating capital flows and offering a wide range of services to financial markets participants.
Average Trading Volume: 1,562,255
Technical Sentiment Signal: Hold
Current Market Cap: £44.55B
Find detailed analytics on LSEG stock on TipRanks’ Stock Analysis page.