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

London Stock Exchange Group plc (LON:LSEG) has been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is £125.33.

LSEG has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of London Stock Exchange Group from £127 to £133 and gave the company a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of London Stock Exchange Group from £115 to £119 and gave the stock a “buy” rating in a research report on Friday, October 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a £135 price target on shares of London Stock Exchange Group in a research report on Tuesday, October 7th. UBS Group reiterated a “buy” rating and set a £105 price objective on shares of London Stock Exchange Group in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of London Stock Exchange Group from £129 to £128 and set an “overweight” rating for the company in a research note on Friday, October 10th.

London Stock Exchange Group Stock Performance

LON:LSEG opened at GBX 9,734 on Friday. The firm has a 50 day simple moving average of GBX 8,884.72 and a 200-day simple moving average of £100.92. The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. The firm has a market cap of £50.62 billion, a PE ratio of 52.42, a P/E/G ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a 1-year low of GBX 8,094 and a 1-year high of £121.85.

London Stock Exchange Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, July 31st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at London Stock Exchange Group

In other news, insider Michel-Alain Proch bought 4,676 shares of the firm’s stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of GBX 8,274 per share, for a total transaction of £386,892.24. Company insiders own 0.29% of the company’s stock.

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.