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London Stock Exchange ( (GB:LSEG) ) has provided an announcement.
London Stock Exchange Group plc (LSEG) announced the purchase of 207,000 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 88.2297 pence and will be held in treasury, bringing LSEG’s total treasury shares to 19,306,065. This move is part of LSEG’s strategy to manage its capital structure and enhance shareholder value, impacting the total voting rights in the company, which now stands at 524,293,901.
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, trading, and market data services. The company is a key player in the global financial markets, offering platforms for trading securities and derivatives, and providing data and analytics solutions to financial institutions worldwide.
Average Trading Volume: 1,362,847
Technical Sentiment Signal: Hold
Current Market Cap: £48.45B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.