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The latest announcement is out from London Stock Exchange ( (GB:LSEG) ).
London Stock Exchange Group PLC has repurchased 175,000 of its ordinary shares as part of a share buyback program, with the intention to cancel these shares. This move reduces the total number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights, as the total voting rights now stand at 512,921,021.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £13790.00 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 within the financial services industry, providing a range of services including stock exchange listings, trading, clearing, and information services. The company focuses on facilitating capital markets and offering data and analytics solutions to a global clientele.
Average Trading Volume: 1,760,216
Technical Sentiment Signal: Sell
Current Market Cap: £44.45B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.