Insider Buying: London Stock Exchange Group plc (LON:LSEG) Insider Purchases 1,500 Shares of 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 acquired 1,500 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of GBX 9,413 ($125.16) per share, with a total value of £141,195 ($187,734.34).

London Stock Exchange Group Trading Up 1.8%

Shares of LSEG stock traded up GBX 180 ($2.39) during mid-day trading on Wednesday, hitting GBX 9,984 ($132.75). 9,994,074 shares of the company's stock were exchanged, compared to its average volume of 4,527,762. London Stock Exchange Group plc has a fifty-two week low of GBX 9,050 ($120.33) and a fifty-two week high of £121.85 ($162.01). The stock has a 50-day simple moving average of £107.35 and a two-hundred day simple moving average of £111.96. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 47.39. The stock has a market cap of £52.85 billion, a price-to-earnings ratio of 78.30, a PEG ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.78) earnings per share for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. Equities analysts expect that London Stock Exchange Group plc will post 405.5009823 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on London Stock Exchange Group from £127 ($168.86) to £128 ($170.19) and gave the company an "overweight" rating in a research note on Friday, August 1st. Citigroup raised their price target on London Stock Exchange Group from £130 ($172.85) to £132 ($175.51) and gave the stock a "buy" rating in a research report on Monday. Royal Bank Of Canada reissued an "outperform" rating and set a £132 ($175.51) price target on shares of London Stock Exchange Group in a research report on Thursday, July 31st. Canaccord Genuity Group reissued a "buy" rating on shares of London Stock Exchange Group in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on London Stock Exchange Group from £127 ($168.86) to £128 ($170.19) and gave the stock a "buy" rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of £130 ($172.85).

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.