London Stock Exchange Group (LON:LSEG) Trading 1.5% Higher – Time to Buy?

London Stock Exchange Group plc (LON:LSEG)’s stock price traded up 1.5% during mid-day trading on Monday . The company traded as high as GBX 9,362 and last traded at GBX 9,276. 1,316,411 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 21,203,848 shares. The stock had previously closed at GBX 9,141.63.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LSEG. Jefferies Financial Group reiterated a “buy” rating and issued a £110 price target on shares of London Stock Exchange Group in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price target on London Stock Exchange Group from £119 to £114 and set a “buy” rating for the company in a report on Monday, January 26th. Citigroup lowered their price target on London Stock Exchange Group from £133 to £131 and set a “buy” rating for the company in a report on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a £135 price target on shares of London Stock Exchange Group in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a report on Friday, April 10th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of £122.

London Stock Exchange Group Stock Down 0.9%

The firm’s 50-day moving average price is GBX 9,084.09 and its 200-day moving average price is GBX 8,760.16. The company has a debt-to-equity ratio of 59.24, a current ratio of 229.64 and a quick ratio of 0.01. The company has a market cap of £46.09 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 1.72 and a beta of 0.39.

London Stock Exchange Group (LON:LSEG) last issued its earnings results on Thursday, February 26th. The company reported GBX 420.60 earnings per share for the quarter. London Stock Exchange Group had a return on equity of 6.10% and a net margin of 13.41%. Sell-side analysts forecast that London Stock Exchange Group plc will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group declared that its board has approved a share repurchase program on Thursday, April 9th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Michel-Alain Proch sold 5,304 shares of London Stock Exchange Group stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of GBX 8,557, for a total transaction of £453,863.28. Also, insider David Schwimmer sold 8,863 shares of London Stock Exchange Group stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 8,732, for a total value of £773,917.16. Over the last three months, insiders have sold 18,767 shares of company stock worth $163,156,844. Corporate 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.