London Stock Exchange Group plc (LON:LSEG) Given Consensus Rating of “Buy” by Brokerages

London Stock Exchange Group plc (LON:LSEG) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is £122.

A number of research firms recently commented on LSEG. JPMorgan Chase & Co. increased their target price on shares of London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a research report on Friday, April 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a £110 target price on shares of London Stock Exchange Group in a research report on Friday, April 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a £135 target price on shares of London Stock Exchange Group in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of London Stock Exchange Group from £119 to £114 and set a “buy” rating on the stock in a research report on Monday, January 26th. Finally, Citigroup dropped their target price on shares of London Stock Exchange Group from £133 to £131 and set a “buy” rating on the stock in a research report on Tuesday, January 27th.

London Stock Exchange Group Trading Down 0.9%

Shares of LON:LSEG opened at GBX 9,370 on Wednesday. London Stock Exchange Group has a 52 week low of GBX 6,684 and a 52 week high of £118.10. The company’s 50 day moving average is GBX 9,070.25 and its two-hundred day moving average is GBX 8,760.66. 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 company has a market cap of £46.08 billion, a PE ratio of 39.54, a P/E/G ratio of 1.72 and a beta of 0.39.

London Stock Exchange Group (LON:LSEG) last announced its quarterly earnings data on Thursday, February 26th. The company reported GBX 420.60 EPS for the quarter. London Stock Exchange Group had a net margin of 13.41% and a return on equity of 6.10%. Equities analysts predict 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 approved a share buyback plan on Thursday, April 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider David Schwimmer sold 8,863 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 8,732, for a total transaction of £773,917.16. Also, insider Michel-Alain Proch sold 5,304 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of GBX 8,557, for a total transaction of £453,863.28. Insiders sold a total of 18,767 shares of company stock worth $163,156,844 over the last ninety days. Insiders own 0.30% of the company’s stock.

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.