London Stock Exchange Group (LON:LSEG) Shares Down 1.2% – Here’s Why

London Stock Exchange Group plc (LON:LSEG)’s stock price was down 1.2% on Wednesday . The company traded as low as GBX 8,872 and last traded at GBX 9,014. Approximately 1,863,848 shares traded hands during trading, a decline of 91% from the average daily volume of 20,134,801 shares. The stock had previously closed at GBX 9,128.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LSEG shares. JPMorgan Chase & Co. upped their price target on shares of London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a £135 price target on shares of London Stock Exchange Group in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group reissued a “buy” rating and set a £110 price target on shares of London Stock Exchange Group in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of £122.

London Stock Exchange Group Stock Up 1.8%

The firm has a market cap of £44.01 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 1.72 and a beta of 0.38. The company has a current ratio of 229.64, a quick ratio of 0.01 and a debt-to-equity ratio of 59.24. The firm has a 50 day moving average price of GBX 9,259.73 and a 200-day moving average price of GBX 8,768.54.

London Stock Exchange Group declared that its board has initiated a stock repurchase program on Thursday, April 9th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at London Stock Exchange Group

In other news, insider David Schwimmer sold 8,863 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 8,732, for a total transaction of £773,917.16. 0.33% of the stock is currently owned by company insiders.

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.