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London Stock Exchange ( (GB:LSEG) ) just unveiled an update.
London Stock Exchange Group plc (LSEG) has executed a share buyback program, purchasing 127,379 of its ordinary shares from Citigroup Global Markets Limited. The shares were bought at an average price of 8,882.89 pence each and will be canceled, reducing the total number of shares in issue to 513,870,676. This move is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s market positioning by enhancing shareholder value and adjusting the total voting rights within the company.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £133.00 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 strong financial performance is the most significant factor, supported by robust revenue growth and efficient cash management. However, the technical analysis indicates a bearish trend, and the valuation suggests the stock may be overvalued, which tempers the overall score.
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 services including stock exchange operations, financial market infrastructure, and data analytics. It is a leading global financial markets infrastructure and data provider, serving a wide range of customers including financial institutions and corporations worldwide.
Average Trading Volume: 1,749,557
Technical Sentiment Signal: Sell
Current Market Cap: £45.24B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.