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London Stock Exchange ( (GB:LSEG) ) just unveiled an update.
London Stock Exchange Group plc (LSEG) has announced the purchase of 129,452 of its ordinary shares from Goldman Sachs International as part of its ongoing share buyback program. The shares were bought at an average price of 94.6218 pence each and will be held in treasury. This transaction increases LSEG’s treasury shares to 17,484,870, while the total number of shares in issue remains at 526,115,096. The buyback is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder relations.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £10230.00 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.
The London Stock Exchange’s strong financial performance and positive corporate events are significant strengths. However, the technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation, 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 in the financial services industry, providing a range of products and services including trading, clearing, and information services. The company is a key player in the global financial markets, facilitating capital raising and providing market data and analytics.
Average Trading Volume: 1,325,502
Technical Sentiment Signal: Hold
Current Market Cap: £48.95B
Find detailed analytics on LSEG stock on TipRanks’ Stock Analysis page.