Citigroup Issues Pessimistic Forecast for London Stock Exchange Group (LON:LSEG) Stock Price

London Stock Exchange Group (LON:LSEG) had its target price cut by Citigroup from £133 to £131 in a report issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 57.64% from the stock’s current price.

LSEG has been the subject of a number of other reports. JPMorgan Chase & Co. restated an “overweight” rating and set a £133 price objective on shares of London Stock Exchange Group in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft increased their price target on London Stock Exchange Group from £115 to £119 and gave the company a “buy” rating in a research report on Friday, October 24th. UBS Group reaffirmed a “buy” rating and set a £105 price target 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 £115 price objective on shares of London Stock Exchange Group in a research note on Monday, January 19th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of £121.67.

London Stock Exchange Group Stock Performance

Shares of LSEG stock opened at GBX 8,310 on Tuesday. London Stock Exchange Group has a 12 month low of GBX 8,094 and a 12 month high of £121.85. The company’s fifty day simple moving average is GBX 8,785.62 and its 200-day simple moving average is GBX 9,089.70. The firm has a market cap of £42.28 billion, a PE ratio of 44.75, a P/E/G 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.

London Stock Exchange Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 4th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors 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.