London Stock Exchange Group (LON:LSEG) Earns "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed a “Buy” rating on London Stock Exchange Group and set a £110 price target, implying 16.4% upside.
• Analyst sentiment remains positive: five analysts rate LSEG a Buy, with a consensus price target of £124; Citigroup, RBC, and Deutsche Bank also maintained favorable ratings.
• LSEG shares rose 9.2% to GBX 9,450 during Thursday trading, giving the company a market capitalization of approximately £45.46 billion.

London Stock Exchange Group (LON:LSEG - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Jefferies Financial Group in a note issued to investors on Thursday, London Stock Exchange reports. They currently have a £110 price objective on the stock. Jefferies Financial Group's price objective points to a potential upside of 16.40% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Citigroup cut their price target on shares of London Stock Exchange Group from £129 to £127 and set a "buy" rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada restated an "outperform" rating and issued a £136 price objective on shares of London Stock Exchange Group in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a £110 price objective on shares of London Stock Exchange Group in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, London Stock Exchange Group has a consensus rating of "Buy" and a consensus price target of £124.

London Stock Exchange Group Stock Up 9.2%

LSEG stock traded up GBX 793.83 during trading on Thursday, hitting GBX 9,450. 16,515,111 shares of the stock traded hands, compared to its average volume of 16,263,496. The stock has a market cap of £45.46 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The company has a debt-to-equity ratio of 72.25, a current ratio of 253.33 and a quick ratio of 0.01. London Stock Exchange Group has a 1 year low of GBX 6,684 and a 1 year high of £101.40. The firm's 50 day moving average is GBX 8,521.78 and its two-hundred day moving average is GBX 8,829.85.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported GBX 244.90 earnings per share (EPS) for the quarter. London Stock Exchange Group had a net margin of 14.67% and a return on equity of 7.35%. On average, sell-side analysts anticipate that London Stock Exchange Group will post 405.50 EPS for the current year.

London Stock Exchange Group announced that its board has approved a stock repurchase program on Thursday, July 30th 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 programs are generally a sign that the company's board of directors 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.