London Stock Exchange Group plc (LON:LSEG) Receives £122 Consensus Target Price from Brokerages

Shares of London Stock Exchange Group plc (LON:LSEG) have earned an average recommendation of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is £122.

Several equities analysts have recently issued reports on LSEG shares. JPMorgan Chase & Co. boosted their price objective on London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating and set a £110 price objective on shares of London Stock Exchange Group in a research report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a £135 price objective on shares of London Stock Exchange Group in a research report on Wednesday, March 4th.

London Stock Exchange Group Stock Up 1.5%

LON:LSEG opened at GBX 8,460 on Friday. The firm has a market capitalization of £41.32 billion, a PE ratio of 35.70, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. The stock has a 50 day moving average of GBX 9,245.98 and a 200-day moving average of GBX 8,768.12. London Stock Exchange Group has a 52 week low of GBX 6,684 and a 52 week high of £109.90. The company has a current ratio of 229.64, a quick ratio of 0.01 and a debt-to-equity ratio of 59.24.

London Stock Exchange Group declared that its Board of Directors has initiated a stock buyback program on Thursday, April 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is 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.