London Stock Exchange Group (LON:LSEG) Given New £110 Price Target at Deutsche Bank Aktiengesellschaft

London Stock Exchange Group (LON:LSEG) had its price target cut by investment analysts at Deutsche Bank Aktiengesellschaft from £119 to £110 in a research report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 32.95% from the company’s previous close.

LSEG has been the subject of a number of other reports. Jefferies Financial Group restated a “buy” rating and set a £110 target price on shares of London Stock Exchange Group in a report on Friday, April 24th. Royal Bank Of Canada reaffirmed 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. increased their price objective on London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a research report on Friday, April 10th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, London Stock Exchange Group presently has a consensus rating of “Buy” and an average price target of £121.33.

London Stock Exchange Group Price Performance

Shares of LSEG traded up GBX 112 during mid-day trading on Wednesday, hitting GBX 8,274. The company’s stock had a trading volume of 29,207,854 shares, compared to its average volume of 22,680,092. The firm has a 50-day moving average price of GBX 9,106.96 and a 200 day moving average price of GBX 8,748.37. The stock has a market capitalization of £40.41 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 1.72 and a beta of 0.38. The company has a debt-to-equity ratio of 59.24, a current ratio of 229.64 and a quick ratio of 0.01. London Stock Exchange Group has a fifty-two week low of GBX 6,684 and a fifty-two week high of £109.90.

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

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.