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London Stock Exchange ( (GB:LSEG) ) has shared an announcement.
LSEG has executed a share buyback program, purchasing 131,350 of its ordinary shares from Goldman Sachs International. The shares will be held in treasury, impacting the total voting rights within the company, which now stands at 524,909,901. This move is part of LSEG’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and market confidence.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £12400.00 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 overall stock score reflects strong financial performance, which is the most significant factor. However, bearish technical indicators and a high P/E ratio weigh down the score. The lack of earnings call data and corporate events limits additional insights.
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 capital formation, trading, and clearing services. It is a leading global financial markets infrastructure and data provider, serving customers worldwide.
Average Trading Volume: 1,331,383
Technical Sentiment Signal: Hold
Current Market Cap: £47.64B
For an in-depth examination of LSEG stock, go to TipRanks’ Overview page.