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

London Stock Exchange Group plc (LON:LSEG) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is £121.33.

LSEG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Jefferies Financial Group reissued a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of London Stock Exchange Group from £119 to £110 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Citigroup cut London Stock Exchange Group to a “buy” rating in a research note on Tuesday.

London Stock Exchange Group Trading Down 0.2%

Shares of LSEG opened at GBX 8,846 on Thursday. The company’s fifty day simple moving average is GBX 8,976.66 and its 200-day simple moving average is GBX 8,749.21. The company has a market cap of £43.07 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.72 and a beta of 0.39. 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 has a twelve month low of GBX 6,684 and a twelve month high of £109.85.

London Stock Exchange Group announced that its Board of Directors has initiated a share 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. Shares buyback programs are often a sign that the company’s board 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.