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 raised by equities research analysts at Citigroup from £130 ($174.83) to £132 ($177.51) in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price suggests a potential upside of 32.63% from the company's previous close.

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

London Stock Exchange Group Stock Up 0.5%

LON LSEG traded up GBX 46.33 ($0.62) on Monday, reaching GBX 9,952.33 ($133.84). The company had a trading volume of 2,161,210 shares, compared to its average volume of 4,443,938. The stock has a market capitalization of £52.68 billion, a P/E ratio of 78.05, a P/E/G ratio of 1.72 and a beta of 0.41. The company's fifty day moving average is £106.79 and its 200 day moving average is £111.76. London Stock Exchange Group has a 52-week low of GBX 9,050 ($121.71) and a 52-week high of £121.85 ($163.86). 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 (LON:LSEG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.81) 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%. Sell-side analysts anticipate that London Stock Exchange Group will post 405.5009823 earnings per share for the current fiscal year.

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

Insider Buying and Selling at London Stock Exchange Group

In related news, insider David Schwimmer bought 2,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of GBX 9,402 ($126.44) per share, for a total transaction of £188,040 ($252,877.89). Also, insider Lloyd Pitchford bought 1,500 shares of the company's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of GBX 9,413 ($126.59) per share, with a total value of £141,195 ($189,880.31). Insiders bought 9,186 shares of company stock worth $86,030,740 in the last quarter. 5.64% of the stock is owned by corporate insiders.

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.