London Stock Exchange Group plc (LON:LSEG) Insider Purchases £141,195 in Stock

Key Points

• Lloyd Pitchford, an insider at London Stock Exchange Group, purchased 1,500 shares at an average price of GBX 9,413 ($124.99), totaling approximately £141,195 ($187,485.06).
• The stock showed a 1.7% increase during trading, reaching GBX 9,576 ($127.15) with a significant trading volume of 28 million shares.
• Analysts are optimistic about the company's performance, with several firms issuing "buy" ratings and raising their target prices, reflecting confidence in London Stock Exchange Group's future earnings.

London Stock Exchange Group plc (LON:LSEG - Get Free Report) insider Lloyd Pitchford purchased 1,500 shares of London Stock Exchange Group stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of GBX 9,413 ($126.59) per share, for a total transaction of £141,195 ($189,880.31).

London Stock Exchange Group Trading Up 0.7%

Shares of LON:LSEG traded up GBX 68 ($0.91) during midday trading on Friday, reaching GBX 9,974 ($134.13). The company's stock had a trading volume of 36,426,398 shares, compared to its average volume of 4,667,894. The business has a 50 day moving average price of £106.79 and a 200 day moving average price of £111.76. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 47.39. London Stock Exchange Group plc has a 1 year low of GBX 9,050 ($121.71) and a 1 year high of £121.85 ($163.86). The firm has a market cap of £52.80 billion, a price-to-earnings ratio of 78.22, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 ($2.81) earnings per share for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. Research analysts forecast that London Stock Exchange Group plc will post 405.5009823 EPS for the current year.

London Stock Exchange Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 31st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

LSEG has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a £132 ($177.51) price target on shares of London Stock Exchange Group in a report on Thursday, July 31st. Canaccord Genuity Group reissued a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of London Stock Exchange Group from £127 ($170.79) to £128 ($172.14) and gave the company an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of London Stock Exchange Group from £127 ($170.79) to £128 ($172.14) and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Citigroup upped their price objective on shares of London Stock Exchange Group from £130 ($174.83) to £132 ($177.51) and gave the company a "buy" rating in a research note on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of £130 ($174.83).

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.