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London Stock Exchange ( (GB:LSEG) ) has shared an announcement.
London Stock Exchange Group plc has executed a share buyback program, purchasing 155,000 of its ordinary shares from Goldman Sachs International on the London Stock Exchange. The shares, bought at an average price of 92.4914 pence, will be held in treasury, impacting the total voting rights and share capital structure of the company. This move is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially enhancing its market position and shareholder value.
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 Neutral.
The London Stock Exchange’s strong financial performance and positive earnings call sentiment are offset by bearish technical indicators and a high P/E ratio. The ongoing share buyback program and insider purchases provide additional support for the stock’s potential.
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, primarily offering a range of products and services including trading, clearing, and information services. The company is a key player in the global financial market infrastructure, facilitating capital raising and providing data and analytics to a wide range of stakeholders.
Average Trading Volume: 1,309,363
Technical Sentiment Signal: Hold
Current Market Cap: £49.3B
Find detailed analytics on LSEG stock on TipRanks’ Stock Analysis page.