London Stock Exchange Group (LON:LSEG) Trading Down 1.2% – Here’s What Happened

London Stock Exchange Group plc (LON:LSEG)’s stock price fell 1.2% during trading on Wednesday . The company traded as low as GBX 8,872 and last traded at GBX 9,014. 1,863,848 shares were traded during mid-day trading, a decline of 91% from the average session volume of 20,134,801 shares. The stock had previously closed at GBX 9,128.

Wall Street Analyst Weigh In

A number of brokerages have commented on LSEG. Jefferies Financial Group reissued a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a research report on Friday, April 10th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a £135 price objective on shares of London Stock Exchange Group in a research report on Wednesday, March 4th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of £122.

London Stock Exchange Group Stock Performance

The firm’s fifty day moving average price is GBX 9,260.01 and its 200-day moving average price is GBX 8,766.89. The company has a current ratio of 229.64, a quick ratio of 0.01 and a debt-to-equity ratio of 59.24. The firm has a market cap of £44.03 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 1.72 and a beta of 0.38.

London Stock Exchange Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, April 9th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider David Schwimmer sold 8,863 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of GBX 8,732, for a total value of £773,917.16. Insiders own 0.33% 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.