London Stock Exchange Group plc (LON:LSEG) Receives Average Recommendation of “Buy” from Analysts

Shares of London Stock Exchange Group plc (LON:LSEG) have been assigned an average rating of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is £128.40.

Several equities research analysts have recently commented on LSEG shares. JPMorgan Chase & Co. reduced their price target on shares of London Stock Exchange Group from £129 to £128 and set an “overweight” rating for the company in a report on Friday. Royal Bank Of Canada restated an “outperform” rating and issued a £132 price target on shares of London Stock Exchange Group in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of London Stock Exchange Group from £128 to £115 and set a “buy” rating for the company in a report on Tuesday, October 7th. Citigroup boosted their price target on shares of London Stock Exchange Group from £130 to £132 and gave the company a “buy” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a £135 price objective on shares of London Stock Exchange Group in a research report on Tuesday, October 7th.

Insiders Place Their Bets

In related news, insider Michel-Alain Proch bought 4,676 shares of the company’s stock in a transaction on Friday, September 19th. The shares were bought at an average price of GBX 8,274 per share, with a total value of £386,892.24. Also, insider Lloyd Pitchford bought 1,500 shares of the company’s stock in a transaction on Monday, August 4th. The shares were bought at an average cost of GBX 9,413 per share, for a total transaction of £141,195. In the last quarter, insiders have purchased 13,862 shares of company stock valued at $124,719,964. Insiders own 0.29% of the company’s stock.

London Stock Exchange Group Price Performance

London Stock Exchange Group stock opened at GBX 8,900 on Tuesday. The firm has a 50-day moving average price of GBX 8,984.89 and a 200-day moving average price of £103.21. The firm has a market capitalization of £46.29 billion, a PE ratio of 4,792.68, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. London Stock Exchange Group has a 12-month low of GBX 8,094 and a 12-month high of £121.85.

London Stock Exchange Group (LON:LSEG) last announced its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 earnings per share for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. As a group, equities research analysts forecast that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its Board of Directors has initiated a share repurchase program on Thursday, July 31st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About London Stock Exchange Group

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.