London Stock Exchange Group (LON:LSEG) to Repurchase 0 Stock

London Stock Exchange Group (LON:LSEG) announced that its Board of Directors has initiated a share buyback program on Thursday, July 30th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LSEG. JPMorgan Chase & Co. upped their price objective on London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a report on Friday, April 10th. Citigroup cut London Stock Exchange Group to a “buy” rating in a research note on Tuesday, July 7th. Jefferies Financial Group restated a “buy” rating and issued a £110 target price on shares of London Stock Exchange Group in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a £110 price target on shares of London Stock Exchange Group in a research note on Friday. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a £136 price target on shares of London Stock Exchange Group in a report on Friday. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of £121.50.

London Stock Exchange Group Price Performance

London Stock Exchange Group stock opened at GBX 8,398 on Friday. The company’s 50 day simple moving average is GBX 8,802.20 and its 200-day simple moving average is GBX 8,744.46. The company has a market capitalization of £40.89 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. London Stock Exchange Group has a 1 year low of GBX 6,684 and a 1 year high of £102.90. The company has a debt-to-equity ratio of 20.32, a quick ratio of 0.01 and a current ratio of 253.33.

London Stock Exchange Group (LON:LSEG) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 244.90 EPS for the quarter. London Stock Exchange Group had a net margin of 14.67% and a return on equity of 7.35%. As a group, equities research analysts expect that London Stock Exchange Group will post 405.5009823 earnings per share for the current year.

Key London Stock Exchange Group News

Here are the key news stories impacting London Stock Exchange Group this week:

• Positive Sentiment: Strong first-half results and upgraded guidance: LSEG reported a record first half, with revenue exceeding expectations, and raised its full-year outlook. Management also highlighted growing momentum in Pisces, its private-markets platform, while reporting quarterly earnings of 244.90 pence per share. LSEG lifts outlook after first-half revenue beats expectations
• Positive Sentiment: Analyst support remains strong: Royal Bank of Canada reaffirmed its “outperform” rating and set a £136 price target. Jefferies and Deutsche Bank also reiterated “buy” ratings, each with a £110 target. These targets are materially above recent trading levels and signal continued confidence in LSEG’s growth prospects. Broker ratings
• Neutral Sentiment: Constructive Elliott dialogue: LSEG said discussions with activist investor Elliott Management have been constructive. While this may reduce immediate governance concerns, the company’s decision to narrow parts of its revenue forecast leaves investors focused on execution and future growth. LSEG narrows revenue forecast and discusses Elliott dialogue
• Negative Sentiment: Buyback provides little immediate support: LSEG authorized a share-repurchase program, but the announcement specified a planned purchase of zero shares, limiting its near-term effect on earnings per share or investor demand. LSEG stock repurchase announcement

London Stock Exchange Group Company Profile

LSEG is a leading global financial markets infrastructure and data provider that operates connected businesses to serve customers across the entire financial markets value chain.

With capabilities in data, indices and analytics, capital formation, trade execution, clearing and risk management, we operate at the heart of the world’s financial ecosystem and enable the sustainable growth and stability of our customers and their communities.

Together, our five business divisions – Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets and Post Trade – offer customers seamless access to global financial markets, across the trading lifecycle.

LSEG is headquartered in London and has a major presence throughout Europe, the Americas, Asia Pacific and emerging markets.