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The latest update is out from London Stock Exchange ( (GB:LSEG) ).
LSEG has executed a share buyback program, purchasing 274,419 of its ordinary shares from Citigroup Global Markets Limited. The shares were bought at prices ranging from 8,286.00p to 8,462.00p, with an average price of 8,366.59p, and will be cancelled. This action reduces the total number of shares in issue to 511,560,218, affecting the voting rights and potentially impacting shareholder value.
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) operates within the financial services industry, primarily focusing on providing trading platforms, market data, and analytics services. It serves a global market, facilitating capital raising, risk management, and investment opportunities for a wide range of stakeholders.
Average Trading Volume: 1,721,499
Technical Sentiment Signal: Sell
Current Market Cap: £43.25B
For detailed information about LSEG stock, go to TipRanks’ Stock Analysis page.