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London Stock Exchange ( (GB:LSEG) ) has provided an announcement.
LSEG has announced the purchase of 87,382 of its ordinary shares from Goldman Sachs International as part of its ongoing share buyback program. The shares, acquired at an average price of 94.7192 pence, will be held in treasury, bringing LSEG’s total treasury shares to 17,572,252. This move is part of LSEG’s strategy to manage its capital structure and enhance shareholder value, impacting the total voting rights in the company, which now stands at 526,027,714.
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
London Stock Exchange Group plc (LSEG) operates within the financial services industry, primarily offering services related to stock exchange and financial market infrastructure. The company is a key player in the global financial markets, providing trading platforms, data analytics, and post-trade services to a wide range of stakeholders.
Average Trading Volume: 1,329,368
Technical Sentiment Signal: Hold
Current Market Cap: £49.64B
See more data about LSEG stock on TipRanks’ Stock Analysis page.