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The latest announcement is out from London Stock Exchange ( (GB:LSEG) ).
London Stock Exchange Group plc has executed a share buyback program, purchasing 194,084 of its ordinary shares from Citigroup Global Markets Limited. The shares were bought at an average price of 8,675.32 pence each and will be canceled, reducing the total number of shares in circulation and potentially increasing shareholder value. Following the cancellation, LSEG’s total voting rights will be adjusted to 512,726,937, which stakeholders can use for determining notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £9517.00 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 in the financial services industry, providing a range of products and services including stock exchange operations, data analytics, and post-trade services. The company focuses on facilitating capital markets and offering financial information and infrastructure to a global clientele.
Average Trading Volume: 1,761,987
Technical Sentiment Signal: Sell
Current Market Cap: £44.25B
See more insights into LSEG stock on TipRanks’ Stock Analysis page.