Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
London Stock Exchange ( (GB:LSEG) ) has shared an update.
London Stock Exchange Group plc (LSEG) has executed a share buyback program, purchasing 80,000 of its ordinary shares from Goldman Sachs International. The shares were acquired at an average price of 99.8305 pence and will be held in treasury. This move is part of LSEG’s strategy to manage its capital structure and may impact shareholder value by potentially increasing earnings per share.
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.
The London Stock Exchange’s overall score reflects strong financial performance and positive corporate events, such as share buybacks and insider purchases. However, technical analysis indicates bearish momentum, and the high P/E ratio suggests 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 services including trading, clearing, settlement, and data services. The company is a key player in the global financial markets, facilitating capital flows and offering a platform for companies to raise capital.
Average Trading Volume: 1,322,784
Technical Sentiment Signal: Hold
Current Market Cap: £51.59B
For detailed information about LSEG stock, go to TipRanks’ Stock Analysis page.