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London Stock Exchange ( (GB:LSEG) ) just unveiled an announcement.
London Stock Exchange Group plc has executed a share buyback transaction, purchasing 104,000 of its ordinary shares from Goldman Sachs International at an average price of 92.9969 pence per share. This move is part of LSEG’s ongoing share buyback program, which aims to optimize its capital structure by holding the acquired shares in treasury. The transaction impacts the company’s total voting rights, which now stand at 524,710,901, providing a new denominator for shareholders to calculate their interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £12400.00 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, primarily providing a range of services including trading, clearing, and information services. It focuses on facilitating capital formation and providing data and analytics solutions to financial market participants globally.
Average Trading Volume: 1,354,021
Technical Sentiment Signal: Hold
Current Market Cap: £48.51B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.