London Stock Exchange Group (LON:LSEG) Approves Stock Repurchase Plan

London Stock Exchange Group (LON:LSEG) announced that its Board of Directors has authorized a share buyback plan on Tuesday, November 4th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LSEG. UBS Group reiterated a “buy” rating and issued a £105 price target on shares of London Stock Exchange Group in a report on Friday, October 17th. JPMorgan Chase & Co. lowered their price target on London Stock Exchange Group from £129 to £128 and set an “overweight” rating for the company in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on London Stock Exchange Group from £115 to £119 and gave the company a “buy” rating in a report on Friday, October 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a £132 price target on shares of London Stock Exchange Group in a report on Thursday, July 31st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a £135 price target on shares of London Stock Exchange Group in a report on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, London Stock Exchange Group presently has an average rating of “Buy” and an average price target of £125.33.

London Stock Exchange Group Stock Performance

LSEG stock traded up GBX 128.57 during trading on Tuesday, reaching GBX 9,640.57. 1,737,288 shares of the company’s stock were exchanged, compared to its average volume of 4,601,898. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 47.39. London Stock Exchange Group has a 1-year low of GBX 8,094 and a 1-year high of £121.85. The company’s fifty day moving average price is GBX 8,878.26 and its 200-day moving average price is £100.94. The firm has a market cap of £50.14 billion, a PE ratio of 51.91, a P/E/G ratio of 1.72 and a beta of 0.41.

Insider Transactions at London Stock Exchange Group

In other London Stock Exchange Group news, insider Michel-Alain Proch purchased 4,676 shares of London Stock Exchange Group stock in a transaction on Friday, September 19th. The stock was bought at an average price of GBX 8,274 per share, for a total transaction of £386,892.24. Company insiders own 0.29% of the company’s stock.

About London Stock Exchange Group

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.