Deutsche Bank Aktiengesellschaft Cuts London Stock Exchange Group (LON:LSEG) Price Target to £110

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

LSEG has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Royal Bank Of Canada reissued an “outperform” rating and set a £135 price target on shares of London Stock Exchange Group in a research report on Wednesday, March 4th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, London Stock Exchange Group presently has an average rating of “Buy” and a consensus target price of £121.33.

London Stock Exchange Group Trading Up 1.4%

LON LSEG traded up GBX 112 on Wednesday, hitting GBX 8,274. 29,207,854 shares of the stock were exchanged, compared to its average volume of 22,680,092. The company’s 50-day moving average price is GBX 9,106.96 and its two-hundred day moving average price is GBX 8,748.37. 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 52-week low of GBX 6,684 and a 52-week high of £109.90. The company has a market capitalization of £40.41 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 1.72 and a beta of 0.38.

London Stock Exchange Group declared that its board has authorized a stock buyback plan on Thursday, April 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication 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.