Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
London Stock Exchange ( (GB:LSEG) ) has issued an announcement.
London Stock Exchange Group plc has executed a share buyback program, acquiring 292,062 of its ordinary shares through Goldman Sachs International. The shares were purchased at an average price of 88.8941 pence and will be held in treasury, impacting the company’s total voting rights, which now stand at 519,676,949. This move is part of LSEG’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:LSEG) stock is a Buy with a £128.00 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 within the financial services industry, focusing on providing a range of services including trading, clearing, settlement, and data solutions. The company is a key player in the global financial market infrastructure, facilitating capital raising and providing market data and analytics.
Average Trading Volume: 1,571,517
Technical Sentiment Signal: Hold
Current Market Cap: £45.51B
Learn more about LSEG stock on TipRanks’ Stock Analysis page.