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London Stock Exchange ( (GB:LSEG) ) has issued an update.
LSEG has executed a share buyback program, purchasing 162,171 of its ordinary shares from Citigroup Global Markets Limited at an average price of 8,787.65 pence per share. Following the cancellation of these shares, LSEG’s total voting rights will be adjusted to 513,256,641, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £133.00 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 strong financial performance is the most significant factor, supported by robust revenue growth and efficient cash management. However, the technical analysis indicates a bearish trend, and the valuation suggests the stock may be overvalued, 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 in the financial services industry, providing a range of products and services including capital markets, post-trade services, and information services. The company plays a significant role in global financial markets, facilitating trading and investment activities.
Average Trading Volume: 1,755,882
Technical Sentiment Signal: Sell
Current Market Cap: £45.02B
For detailed information about LSEG stock, go to TipRanks’ Stock Analysis page.