London Stock Exchange Group (LON:LSEG) Board of Directors Announces Stock Repurchase Plan

London Stock Exchange Group (LON:LSEG) declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 4th, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

London Stock Exchange Group Stock Performance

Shares of LON LSEG opened at GBX 9,734 on Thursday. The company has a market capitalization of £50.62 billion, a PE ratio of 52.42, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00. The company’s fifty day moving average price is GBX 8,884.72 and its 200 day moving average price is £100.92. London Stock Exchange Group has a 1 year low of GBX 8,094 and a 1 year high of £121.85.

Analyst Ratings Changes

A number of brokerages recently commented on LSEG. UBS Group reiterated a “buy” rating and issued a £105 target price on shares of London Stock Exchange Group in a research report on Friday, October 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a £135 price objective on shares of London Stock Exchange Group in a report on Tuesday, October 7th. Citigroup increased their price objective on shares of London Stock Exchange Group from £127 to £133 and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of London Stock Exchange Group from £129 to £128 and set an “overweight” rating for the company in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of London Stock Exchange Group from £115 to £119 and gave the company a “buy” rating in a report on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, London Stock Exchange Group presently has an average rating of “Buy” and a consensus price target of £125.33.

Insider Buying and Selling 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 that occurred on Friday, September 19th. The stock was bought at an average price of GBX 8,274 per share, with a total value of £386,892.24. 0.29% of the stock is currently owned by corporate insiders.

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.