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An update from London Stock Exchange ( (GB:LSEG) ) is now available.
LSEG has executed a share buyback program, purchasing 246,544 of its ordinary shares from Goldman Sachs International. The shares were bought at an average price of 86.0387 pence and will be held in treasury, impacting the total voting rights in the company, which now stands at 518,242,052. This move is part of LSEG’s strategy to manage its capital structure, potentially enhancing shareholder value and maintaining market stability.
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 in the financial services industry, primarily providing a range of services including stock exchange listings, trading platforms, and financial market data. The company focuses on facilitating capital markets and offering data and analytics solutions to various stakeholders in the financial sector.
Average Trading Volume: 1,650,651
Technical Sentiment Signal: Hold
Current Market Cap: £44.11B
For an in-depth examination of LSEG stock, go to TipRanks’ Overview page.