London Stock Exchange Group (LON:LSEG) Stock Price Up 0.8% – Time to Buy?

London Stock Exchange Group plc (LON:LSEG) rose 0.8% during mid-day trading on Wednesday . The company traded as high as GBX 8,868 and last traded at GBX 8,774. Approximately 931,880 shares traded hands during trading, a decline of 84% from the average daily volume of 5,693,976 shares. The stock had previously closed at GBX 8,704.

Analyst Ratings Changes

Several research firms have recently issued reports on LSEG. Jefferies Financial Group reaffirmed a “buy” rating and set a £135 price objective on shares of London Stock Exchange Group in a research report on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating and issued a £105 price target on shares of London Stock Exchange Group in a report on Friday, October 17th. Citigroup increased their price target on shares of London Stock Exchange Group from £127 to £133 and gave the company a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. reissued an “overweight” rating and set a £133 price objective on shares of London Stock Exchange Group in a report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of £126.17.

London Stock Exchange Group Trading Up 0.8%

The business has a 50-day moving average of GBX 8,920.53 and a 200-day moving average of GBX 9,522.41. The stock has a market capitalization of £44.91 billion, a price-to-earnings ratio of 47.25, a PEG 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.

London Stock Exchange Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, November 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication 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 acquired 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, with a total value of £386,892.24. Insiders own 0.29% of the company’s stock.

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.