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London Stock Exchange ( (GB:LSEG) ) has shared an announcement.
LSEG has executed a share buyback transaction, purchasing 115,714 of its ordinary shares from Citigroup Global Markets Limited on the London Stock Exchange. The shares were bought at an average price of 8,714.12 pence each, and LSEG plans to cancel these shares, affecting the total voting rights in the company. This move is part of a previously announced buyback programme, which may influence shareholder interests and company valuation.
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 within the financial services industry, providing a range of services including trading, clearing, settlement, and technology solutions. It is a key player in global financial markets, facilitating capital raising and risk management for companies and investors worldwide.
Average Trading Volume: 1,742,251
Technical Sentiment Signal: Sell
Current Market Cap: £44.3B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.