JPMorgan Chase & Co. Has Lowered Expectations for London Stock Exchange Group (LON:LSEG) Stock Price

Key Points

• JPMorgan Chase & Co. has lowered the target price for London Stock Exchange Group from £129 to £128 while maintaining an "overweight" rating, suggesting a potential upside of 45.79% from its previous close.
• Several other research firms have varying price objectives for LSEG, with Deutsche Bank setting a low of £115 and Citigroup raising it to £132, contributing to an average target price of £128.40 among analysts.
• Insider transactions indicate confidence in the company, as several insiders have bought a significant amount of shares recently, totaling over £124 million.

London Stock Exchange Group (LON:LSEG - Get Free Report) had its target price cut by analysts at JPMorgan Chase & Co. from £129 to £128 in a report released on Friday,Digital Look reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 45.79% from the company's previous close.

LSEG has been the topic of several other research reports. Royal Bank Of Canada restated an "outperform" rating and issued a £132 price objective on shares of London Stock Exchange Group in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on London Stock Exchange Group from £128 to £115 and set a "buy" rating on the stock in a research note on Tuesday. Jefferies Financial Group restated a "buy" rating and issued a £135 price objective on shares of London Stock Exchange Group in a research note on Tuesday. Finally, Citigroup upped their price objective on London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of £128.40.

London Stock Exchange Group Trading Up 0.4%

LON:LSEG traded up GBX 36 during mid-day trading on Friday, hitting GBX 8,780. The company had a trading volume of 1,793,428 shares, compared to its average volume of 4,862,792. London Stock Exchange Group has a fifty-two week low of GBX 8,094 and a fifty-two week high of £121.85. The business's fifty day moving average is GBX 9,012.61 and its two-hundred day moving average is £103.69. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00. The firm has a market cap of £45.66 billion, a P/E ratio of 4,728.06, a P/E/G ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported GBX 208.90 earnings per share (EPS) for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. As a group, research analysts expect that London Stock Exchange Group will post 405.5009823 earnings per share for the current year.

London Stock Exchange Group declared that its board has approved a stock repurchase plan on Thursday, July 31st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Lloyd Pitchford acquired 1,500 shares of the firm's stock in a transaction on Monday, August 4th. The stock was purchased at an average cost of GBX 9,413 per share, with a total value of £141,195. Also, insider Michel-Alain Proch acquired 5,686 shares of the firm's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 9,340 per share, with a total value of £531,072.40. In the last three months, insiders have purchased 13,862 shares of company stock valued at $124,719,964. 0.29% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.