London Stock Exchange Group (LON:LSEG) Trading Up 0.2% – Time to Buy?

London Stock Exchange Group plc (LON:LSEG) was up 0.2% on Monday . The company traded as high as GBX 9,066 and last traded at GBX 8,971. 1,535,636 shares changed hands during trading, a decline of 64% from the average daily volume of 4,226,251 shares. The stock had previously closed at GBX 8,952.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LSEG shares. Citigroup raised their target price 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. reiterated an “overweight” rating and issued a £133 price objective on shares of London Stock Exchange Group in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft boosted their target price on London Stock Exchange Group from £115 to £119 and gave the stock a “buy” rating in a report on Friday, October 24th. UBS Group restated a “buy” rating and issued a £105 target price on shares of London Stock Exchange Group in a research report on Friday, October 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a £135 price target on shares of London Stock Exchange Group in a research report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, London Stock Exchange Group currently has a consensus rating of “Buy” and a consensus target price of £126.17.

London Stock Exchange Group Trading Up 0.2%

The firm has a market capitalization of £45.64 billion, a price-to-earnings ratio of 48.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 47.39. The firm’s 50 day moving average is GBX 8,844.47 and its 200 day moving average is GBX 9,242.85.

London Stock Exchange Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, November 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board 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.