LSEG Executes Share Buyback, Holds Shares in Treasury

London Stock Exchange ( (GB:LSEG) ) just unveiled an announcement.

London Stock Exchange Group PLC has executed a share buyback transaction, purchasing 73 of its ordinary shares from Morgan Stanley & Co. International Plc. This move is part of a previously announced buyback program and aims to hold the acquired shares in treasury. Following this transaction, LSEG holds 14,133,036 shares in treasury, with a total of 529,466,930 shares in issue, impacting the total voting rights available. This action reflects LSEG’s strategic financial management and may influence shareholder interests and market perceptions.

The most recent analyst rating on (GB:LSEG) stock is a Buy with a £113.00 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.

LSEG demonstrates strong financial performance with solid revenue growth and efficient cash management, driving a favorable outlook. However, the high P/E ratio indicates overvaluation risks, and technical indicators suggest caution. The company’s strategic initiatives like share buybacks support shareholder value, but leadership stability concerns temper the positive outlook.

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 services including trading, clearing, and information services. The company focuses on facilitating capital markets and supporting financial stability through its platforms and services.

Average Trading Volume: 1,362,328

Technical Sentiment Signal: Buy

Current Market Cap: £60.73B

For a thorough assessment of LSEG stock, go to TipRanks’ Stock Analysis page.