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

Shares of London Stock Exchange Group plc (LON:LSEG) have been given an average rating of “Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have covered the stock in the last year is £122.83.

A number of analysts recently weighed in on LSEG shares. Citigroup increased their price target 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. UBS Group restated a “buy” rating and issued a £105 price target on shares of London Stock Exchange Group in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft upped their target price 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. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a £133 price target on shares of London Stock Exchange Group in a research note on Tuesday, November 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a £115 target price on shares of London Stock Exchange Group in a research note on Monday.

London Stock Exchange Group Stock Down 1.7%

London Stock Exchange Group stock opened at GBX 8,932 on Thursday. The company has a market capitalization of £45.45 billion, a P/E ratio of 48.10, a PEG ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a fifty-two week low of GBX 8,094 and a fifty-two week high of £121.85. The stock has a 50-day simple moving average of GBX 8,802.93 and a 200-day simple moving average of GBX 9,185.34. 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 declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.