Citigroup Has Lowered Expectations for London Stock Exchange Group (LON:LSEG) Stock Price

Key Points

• Citigroup trimmed its price objective on London Stock Exchange Group from £133 to £131 but kept a buy rating, with the new target implying about a 58.21% upside from the prior close.
• The stock holds a consensus Buy from seven analysts with a consensus price target of £122.50, while individual broker targets range roughly between £105 and £133.
• Shares traded around GBX 8,280 midday (down GBX 298), the company has a market cap of £42.13 billion and a PE of 44.59, and the board announced a stock buyback program in November (the report lists an unusual authorization of 0 shares).

London Stock Exchange Group (LON:LSEG - Get Free Report) had its price objective cut by analysts at Citigroup from £133 to £131 in a research report issued on Tuesday, MarketBeat reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would suggest a potential upside of 58.21% from the stock's previous close.

Several other research firms have also recently weighed in on LSEG. UBS Group restated a "buy" rating and set a £105 price target on shares of London Stock Exchange Group in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft boosted 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. Jefferies Financial Group reaffirmed a "buy" rating and issued a £115 price target on shares of London Stock Exchange Group in a research report on Monday, January 19th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a £133 price objective on shares of London Stock Exchange Group in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, London Stock Exchange Group currently has a consensus rating of "Buy" and a consensus price target of £122.50.

London Stock Exchange Group Price Performance

London Stock Exchange Group stock traded down GBX 298 during midday trading on Tuesday, reaching GBX 8,280. The company's stock had a trading volume of 7,343,996 shares, compared to its average volume of 15,441,745. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. The stock has a market cap of £42.13 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a 52 week low of GBX 8,094 and a 52 week high of £121.85. The business has a 50-day moving average price of GBX 8,794.61 and a 200-day moving average price of GBX 9,112.46.

London Stock Exchange Group announced that its Board of Directors has initiated a stock buyback program on Tuesday, November 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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.

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