LSEG Cancels 59,000 Shares After Latest Buyback Tranche

London Stock Exchange ( (GB:LSEG) ) has issued an announcement.

LSEG has repurchased 59,000 of its ordinary shares on the London Stock Exchange as part of its ongoing share buyback programme, paying an average price of 8,943.36p per share, with prices ranging between 8,874.00p and 8,982.00p. The company intends to cancel all of the repurchased shares, leaving 510,443,075 ordinary shares in issue (excluding treasury shares) and 21,451,599 shares held in treasury, and has confirmed that this updated share capital figure should be used by shareholders and other investors when calculating their voting rights and any disclosure obligations under UK transparency rules.

The most recent analyst rating on (GB:LSEG) stock is a Buy with a £131.00 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 Group’s strong financial performance and strategic corporate events, such as share buybacks and partnerships, are significant positives. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation.

To see Spark’s full report on GB:LSEG stock, click here.

More about London Stock Exchange

London Stock Exchange Group plc (LSEG) is a global financial markets infrastructure and data provider, best known for operating the London Stock Exchange and related trading venues. The group offers capital markets, post-trade, data, and analytics services to issuers, investors, and intermediaries worldwide, playing a central role in securities trading and market transparency in the UK and internationally.

Average Trading Volume: 1,568,313

Technical Sentiment Signal: Hold

Current Market Cap: £45.26B

Find detailed analytics on LSEG stock on TipRanks’ Stock Analysis page.