Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for London Stock Exchange Group (LON:LSEG) Stock Price

Key Points

• Deutsche Bank cut its price target for London Stock Exchange Group to £114 from £119 but retained a "buy" rating, with the new target implying about a 37.55% upside from the previous close.
• The analyst consensus remains a Buy (seven Buy ratings) with an average price target of £121.67, while other firms' targets range up to £133 (JPMorgan) and Citi recently trimmed its target to £131.
• Shares traded down about 3.4% to GBX 8,288 (market cap ~£42.17bn) and the company noted a board-authorized share repurchase program—reported as permitting 0 shares, which may reflect a data anomaly.

London Stock Exchange Group (LON:LSEG - Get Free Report) had its price target lowered by investment analysts at Deutsche Bank Aktiengesellschaft from £119 to £114 in a research note issued on Monday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price suggests a potential upside of 37.55% from the company's previous close.

Several other equities research analysts also recently commented on the company. UBS Group reiterated a "buy" rating and set a £105 target price on shares of London Stock Exchange Group in a report on Friday, October 17th. Jefferies Financial Group reiterated a "buy" rating and issued a £115 price objective on shares of London Stock Exchange Group in a report on Monday, January 19th. Citigroup cut their price target on London Stock Exchange Group from £133 to £131 and set a "buy" rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and set a £133 target price on shares of London Stock Exchange Group in a research note on Tuesday, November 11th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, London Stock Exchange Group has a consensus rating of "Buy" and an average price target of £121.67.

London Stock Exchange Group Stock Down 3.4%

Shares of LSEG traded down GBX 290 during mid-day trading on Monday, reaching GBX 8,288. The company's stock had a trading volume of 2,069,108 shares, compared to its average volume of 15,148,695. The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. London Stock Exchange Group has a 12-month low of GBX 8,094 and a 12-month high of £121.85. The company's 50 day moving average is GBX 8,794.61 and its 200 day moving average is GBX 9,112.46. The stock has a market cap of £42.17 billion, a PE ratio of 44.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41.

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

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