London Stock Exchange Group (LON:LSEG) Given New £132 Price Target at Citigroup

Key Points

• Citigroup raised its price target for London Stock Exchange Group (LON:LSEG) from £130 to £132, suggesting a potential upside of 40.82% from its current price.
• The stock has received a "buy" rating from multiple analysts, including JPMorgan Chase and Deutsche Bank, with an average target price of £130.
• LSEG's stock recently opened at GBX 9,374 and announced a stock buyback program, indicating management's confidence in the stock's value.

London Stock Exchange Group (LON:LSEG - Get Free Report) had its price target hoisted by stock analysts at Citigroup from £130 ($172.62) to £132 ($175.28) in a report issued on Monday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 40.82% from the company's current price.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of London Stock Exchange Group from £127 ($168.64) to £128 ($169.96) and gave the stock an "overweight" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on London Stock Exchange Group from £127 ($168.64) to £128 ($169.96) and gave the stock a "buy" rating in a research report on Friday. Royal Bank Of Canada restated an "outperform" rating and issued a £132 ($175.28) price objective on shares of London Stock Exchange Group in a research report on Thursday. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of London Stock Exchange Group in a research report on Tuesday, May 6th. Five 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 ($172.62).

London Stock Exchange Group Stock Down 0.4%

Shares of LSEG stock opened at GBX 9,374 ($124.47) on Monday. London Stock Exchange Group has a twelve month low of GBX 9,050 ($120.17) and a twelve month high of £121.85 ($161.80). The stock has a market cap of £49.62 billion, a P/E ratio of 73.52, a P/E/G ratio of 1.72 and a beta of 0.41. The stock has a 50 day moving average of £108.11 and a 200 day moving average of £112.21. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39.

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.77) 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%. As a group, sell-side analysts expect that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group announced that its board has initiated a stock buyback program on Thursday, July 31st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management 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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