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London Stock Exchange ( (GB:LSEG) ) just unveiled an announcement.
LSEG has announced the purchase of 342,000 of its ordinary shares from Goldman Sachs International as part of its ongoing share buyback program. The shares will be held in treasury, impacting the company’s total voting rights, which now stand at 521,346,067. This move is part of LSEG’s strategy to manage its capital structure and return value to shareholders, potentially strengthening its market position and signaling confidence in its financial health.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £127.00 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 is a leading global financial markets infrastructure and data provider, with a focus on capital markets and post-trade services.
Average Trading Volume: 1,495,970
Technical Sentiment Signal: Hold
Current Market Cap: £44.94B
For detailed information about LSEG stock, go to TipRanks’ Stock Analysis page.