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London Stock Exchange ( (GB:LSEG) ) has shared an update.
The London Stock Exchange Group plc (LSEG) has announced the purchase of 170,000 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at an average price of 87.3447 pence each and will be held in treasury. This transaction increases LSEG’s treasury holdings to 19,752,710 shares, while the total voting rights in the company remain at 523,847,256. This move is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially enhancing its market position and investor confidence.
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
The London Stock Exchange Group plc (LSEG) operates in the financial services industry, providing a range of services including trading, clearing, settlement, and data solutions. It is a key player in the global financial markets, facilitating capital raising and risk management for companies and investors worldwide.
Average Trading Volume: 1,417,372
Technical Sentiment Signal: Sell
Current Market Cap: £45.09B
For a thorough assessment of LSEG stock, go to TipRanks’ Stock Analysis page.