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London Stock Exchange ( (GB:LSEG) ) has shared an update.
The London Stock Exchange Group has executed a share buyback program, purchasing 258,137 of its ordinary shares from Goldman Sachs International. This transaction is part of a previously announced buyback initiative, with the shares intended to be held in treasury. The move affects the total voting rights in the company, which now stands at 523,216,798, potentially impacting shareholder interests and market perceptions of the company’s financial strategies.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £129.00 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
The London Stock Exchange Group (LSEG) operates in the financial services industry, providing a range of services including trading, clearing, settlement, and data services. It is a key player in the global financial markets, facilitating capital raising and offering a platform for trading in a wide array of financial instruments.
Average Trading Volume: 1,430,003
Technical Sentiment Signal: Hold
Current Market Cap: £44.58B
See more insights into LSEG stock on TipRanks’ Stock Analysis page.