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London Stock Exchange ( (GB:LSEG) ) has provided an announcement.
LSEG has executed a share buyback program, purchasing 214,572 of its ordinary shares from Goldman Sachs International. The company plans to hold these shares in treasury, impacting the total voting rights available to shareholders, which now stand at 517,726,606. This move is part of LSEG’s ongoing 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 £122.00 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, primarily providing a platform for trading shares and other securities. It is a key player in the global financial market, offering services that include capital formation, intellectual property, and risk and balance sheet management.
Average Trading Volume: 1,658,561
Technical Sentiment Signal: Hold
Current Market Cap: £44.58B
For detailed information about LSEG stock, go to TipRanks’ Stock Analysis page.