Goldman Sachs Group Inc Reiterates “GBX 3,672” Price Target for London Stock Exchange Group Plc (LSE)
London Stock Exchange Group Plc (LON:LSE) has been given a GBX 3,672 ($47.40) price target by stock analysts at Goldman Sachs Group Inc in a report released on Saturday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group Inc’s price objective would indicate a potential upside of 6.13% from the company’s current price.
Several other analysts have also weighed in on the company. Credit Suisse Group AG set a GBX 3,100 ($40.02) target price on London Stock Exchange Group Plc and gave the company a “buy” rating in a report on Monday, February 27th. Citigroup Inc reaffirmed a “buy” rating and set a GBX 3,700 ($47.76) price objective on shares of London Stock Exchange Group Plc in a research note on Tuesday, March 14th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 2,800 ($36.14) price objective on shares of London Stock Exchange Group Plc in a research note on Tuesday, March 21st. Morgan Stanley raised London Stock Exchange Group Plc to an “overweight” rating and increased their price objective for the company from GBX 3,040 ($39.24) to GBX 3,280 ($42.34) in a research note on Thursday, January 26th. Finally, Royal Bank of Canada initiated coverage on London Stock Exchange Group Plc in a research note on Wednesday, March 29th. They set an “outperform” rating and a GBX 3,500 ($45.18) price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 3,337.45 ($43.08).
Shares of London Stock Exchange Group Plc (LON:LSE) traded up 0.82% during midday trading on Friday, reaching GBX 3460.00. 644,001 shares of the company’s stock traded hands. The company’s market capitalization is GBX 12.11 billion. London Stock Exchange Group Plc has a 52 week low of GBX 2,259.00 and a 52 week high of GBX 3,493.00. The stock’s 50 day moving average is GBX 3,309.03 and its 200-day moving average is GBX 3,035.96.
The company also recently announced a dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Thursday, May 4th will be given a GBX 31.20 ($0.40) dividend. This is a positive change from London Stock Exchange Group Plc’s previous dividend of $12.00. The ex-dividend date of this dividend is Thursday, May 4th. This represents a dividend yield of 1%.
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In other news, insider Xavier Rolet sold 53,500 shares of London Stock Exchange Group Plc stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of GBX 3,382 ($43.66), for a total value of £1,809,370 ($2,335,575.06).
About London Stock Exchange Group Plc
London Stock Exchange Group plc is a diversified global financial markets infrastructure business that operates with an Open Access model. The Company is organized into operating units based on its service lines and has six segments: Capital Markets, Post Trade Services-CC&G and Monte Titoli, Post Trade Services-LCH, Information Services, Technology Services and Other.
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