London Stock Exchange Group's (LSEG) "Overweight" Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has restated an "overweight" rating for the London Stock Exchange Group (LON:LSEG) stock, indicating confidence in its future performance.
• Recent adjustments from other brokerages, including a price target increase by Citigroup from £130 to £132, suggest strong investor interest, with five analysts currently rating the stock as a "Buy."
• The London Stock Exchange Group has approved a share repurchase program, signaling management's belief that the stock is undervalued, alongside insider purchasing activity that reflects confidence in the company's prospects.

London Stock Exchange Group (LON:LSEG - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, Marketbeat.com reports.

A number of other research firms have also recently issued reports on LSEG. Citigroup raised their price objective on London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft raised their price objective on London Stock Exchange Group from £127 to £128 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a £132 target price on shares of London Stock Exchange Group in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of £130.

London Stock Exchange Group Stock Down 1.2%

Shares of LSEG stock traded down GBX 106 on Wednesday, hitting GBX 8,632. 1,459,684 shares of the stock were exchanged, compared to its average volume of 5,188,599. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. The firm has a market capitalization of £45.20 billion, a P/E ratio of 4,648.36, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The business has a 50-day moving average of GBX 9,796.35 and a 200 day moving average of £107.27. London Stock Exchange Group has a fifty-two week low of GBX 8,632 and a fifty-two week high of £121.85.

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 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 anticipate that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its board has approved a share buyback program on Thursday, July 31st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Michel-Alain Proch acquired 5,686 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of GBX 9,340 per share, with a total value of £531,072.40. Also, insider Lloyd Pitchford bought 1,500 shares of the business's stock in a transaction on Monday, August 4th. The shares were bought at an average cost of GBX 9,413 per share, for a total transaction of £141,195. Insiders have purchased a total of 9,186 shares of company stock worth $86,030,740 in the last 90 days. Company insiders own 0.29% of the company's stock.

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.