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London Stock Exchange ( (GB:LSEG) ) has issued an update.
London Stock Exchange Group plc has executed a share buyback, purchasing 89,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback programme. The shares will be held in treasury, impacting the total voting rights available to shareholders, which now stands at 523,474,935. This move is part of LSEG’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £129.00 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 stock exchange operations, clearing, settlement, and data services. The company focuses on facilitating capital markets and offering financial infrastructure solutions to a global client base.
Average Trading Volume: 1,427,848
Technical Sentiment Signal: Sell
Current Market Cap: £45.65B
See more insights into LSEG stock on TipRanks’ Stock Analysis page.