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London Stock Exchange ( (GB:LSEG) ) has provided an announcement.
London Stock Exchange Group has repurchased 361,745 ordinary shares from Citigroup Global Markets as part of its ongoing share buyback programme, paying an average price of 7,550.35 pence per share. The company intends to cancel all these shares, with purchases executed across the London Stock Exchange and Turquoise venues.
Following cancellation, LSEG will have 506,103,032 ordinary shares in issue excluding treasury and will hold 21,451,599 shares in treasury, setting total voting rights at 506,103,032. The updated share count and voting rights figure provides a new reference point for investors and other stakeholders when assessing their disclosure obligations and tracking the impact of the buyback on ownership and capital structure.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £134.00 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 score is primarily supported by strong financial performance, particularly high operating margins and accelerating free cash flow growth. This is offset by weak technicals showing a pronounced downtrend and bearish momentum, and by a stretched valuation given the high P/E and only modest dividend yield.
To see Spark’s full report on GB:LSEG stock, click here.
More about London Stock Exchange
London Stock Exchange Group plc is a global financial markets infrastructure provider, operating key trading venues and related services for equities and other securities. The group offers listing, trading, data and analytics solutions to institutional and retail market participants, with a focus on deep, liquid capital markets and post-trade services.
Average Trading Volume: 1,546,568
Technical Sentiment Signal: Sell
Current Market Cap: £37.87B
See more data about LSEG stock on TipRanks’ Stock Analysis page.