Citigroup Has Lowered Expectations for London Stock Exchange Group (LON:LSEG) Stock Price

London Stock Exchange Group (LON:LSEG) had its target price dropped by Citigroup from £129 to £127 in a report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 42.60% from the stock’s current price.

A number of other research firms also recently weighed in on LSEG. Royal Bank Of Canada reiterated an “outperform” rating and issued a £136 price target on shares of London Stock Exchange Group in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a £110 price objective on shares of London Stock Exchange Group in a research note on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of £120.83.

London Stock Exchange Group Price Performance

Shares of London Stock Exchange Group stock opened at GBX 8,906 on Friday. London Stock Exchange Group has a twelve month low of GBX 6,684 and a twelve month high of £101.40. The company has a quick ratio of 0.01, a current ratio of 253.33 and a debt-to-equity ratio of 72.25. The company has a 50-day simple moving average of GBX 8,755.52 and a two-hundred day simple moving average of GBX 8,729.47. The stock has a market capitalization of £43.36 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.72 and a beta of 0.39.

London Stock Exchange Group (LON:LSEG) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 244.90 earnings per share (EPS) for the quarter. London Stock Exchange Group had a net margin of 14.67% and a return on equity of 7.35%. Analysts forecast that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, April 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.