London Stock Exchange Group (LON:LSEG) Downgraded to “Buy” Rating by Citigroup

London Stock Exchange Group (LON:LSEG) was downgraded by stock analysts at Citigroup to a “buy” rating in a research note issued to investors on Tuesday,Digital Look reports.

Several other brokerages have also recently issued reports on LSEG. JPMorgan Chase & Co. lifted their target price on London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a research report on Friday, April 10th. Jefferies Financial Group reissued a “buy” rating and issued a £110 price target on shares of London Stock Exchange Group in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on London Stock Exchange Group from £119 to £110 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of £121.33.

London Stock Exchange Group Stock Performance

Shares of LSEG opened at GBX 9,008 on Tuesday. The firm has a market capitalization of £44.00 billion, a P/E ratio of 38.01, a P/E/G ratio of 1.72 and a beta of 0.39. London Stock Exchange Group has a 52 week low of GBX 6,684 and a 52 week high of £109.90. The stock has a 50 day moving average price of GBX 9,015.39 and a two-hundred day moving average price of GBX 8,747.97. The company has a debt-to-equity ratio of 59.24, a quick ratio of 0.01 and a current ratio of 229.64.

London Stock Exchange Group declared that its board has approved a stock buyback program on Thursday, April 9th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are 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.