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London Stock Exchange ( (GB:LSEG) ) has provided an update.
London Stock Exchange Group PLC announced the purchase of 107,038 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 11,175.00p to 11,325.00p, with a volume-weighted average price of 11,227.71p. The purchased shares will be held in treasury, increasing the total number of treasury shares to 14,998,861. This transaction is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially impacting the company’s share value and market perception.
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 Outperform.
LSEG’s strong financial performance and positive earnings call guidance drive its stock score. Technical indicators suggest neutral market sentiment, while high valuation metrics present caution regarding potential overvaluation.
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 focusing on providing trading and investment services. It is a leading global financial markets infrastructure and data provider, facilitating the buying and selling of securities and offering a range of financial products and services.
Average Trading Volume: 1,309,465
Technical Sentiment Signal: Buy
Current Market Cap: £59.64B
Find detailed analytics on LSEG stock on TipRanks’ Stock Analysis page.