LSEG Executes Share Buyback, Strengthening Capital Management

London Stock Exchange ( (GB:LSEG) ) has shared an announcement.

London Stock Exchange Group PLC has executed a share buyback program, purchasing 12,656 of its ordinary shares from Morgan Stanley & Co. International Plc. The shares were bought at prices ranging from 11,360.00p to 11,470.00p, with a volume-weighted average price of 11,421.85p. These shares will be held in treasury, increasing LSEG’s treasury shares to 14,263,208, while the total voting rights in the company remain at 529,336,758. This move is part of LSEG’s ongoing strategy to manage its capital structure and return value to shareholders.

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 within the financial services industry, providing a range of products and services including stock exchange operations, data analytics, and post-trade services. It is a pivotal player in the global financial markets, facilitating capital raising, trading, and investment activities.

Average Trading Volume: 1,329,025

Technical Sentiment Signal: Buy

Current Market Cap: £60.85B

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