London Stock Exchange Group (LON:LSEG) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of London Stock Exchange Group (LON:LSEG) in a report issued on Friday,Digital Look reports. The brokerage currently has a £110 price target on the stock.

A number of other equities research analysts have also recently weighed in on LSEG. JPMorgan Chase & Co. upped their price objective on shares of London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a report on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating and set a £110 target price on shares of London Stock Exchange Group in a report on Friday. Finally, Citigroup cut London Stock Exchange Group to a “buy” rating in a research report on Tuesday, July 7th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, London Stock Exchange Group presently has a consensus rating of “Buy” and a consensus price target of £121.50.

London Stock Exchange Group Stock Performance

Shares of London Stock Exchange Group stock opened at GBX 8,398 on Friday. The company has a current ratio of 253.33, a quick ratio of 0.01 and a debt-to-equity ratio of 20.32. The firm has a market capitalization of £40.89 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.72 and a beta of 0.58. The business has a fifty day simple moving average of GBX 8,802.20 and a two-hundred day simple moving average of GBX 8,744.46. London Stock Exchange Group has a 12 month low of GBX 6,684 and a 12 month high of £102.90.

London Stock Exchange Group (LON:LSEG) last announced its earnings results 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%. On average, equities analysts forecast that London Stock Exchange Group will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group declared that its board has initiated a stock repurchase program on Thursday, April 9th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

More 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.