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

Shares of London Stock Exchange Group plc (LON:LSEG) have received an average rating of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is £122.

A number of equities analysts recently commented on LSEG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price target on shares of London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a report on Friday, April 10th. Royal Bank Of Canada restated an “outperform” rating and issued a £135 price target on shares of London Stock Exchange Group in a research report on Wednesday, March 4th. Finally, Citigroup reduced their price objective on shares of London Stock Exchange Group from £133 to £131 and set a “buy” rating on the stock in a research note on Tuesday, January 27th.

London Stock Exchange Group Stock Performance

Shares of London Stock Exchange Group stock opened at GBX 9,113.88 on Wednesday. The stock has a market cap of £44.82 billion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 1.72 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 229.64 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 £116.80. The company’s fifty day moving average is GBX 9,142.64 and its 200 day moving average is GBX 8,752.25.

London Stock Exchange Group (LON:LSEG) last announced its earnings results on Thursday, February 26th. The company reported GBX 420.60 EPS 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 will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its board has initiated a stock repurchase plan on Thursday, April 9th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider David Schwimmer sold 4,600 shares of London Stock Exchange Group stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 8,778, for a total value of £403,788. Also, insider Michel-Alain Proch sold 5,304 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of GBX 8,557, for a total value of £453,863.28. Insiders have sold 18,767 shares of company stock worth $163,156,844 in the last ninety days. Insiders own 0.30% 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.