London Stock Exchange Group (LON:LSEG) Given Overweight Rating 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 reaffirmed by stock analysts at JPMorgan Chase & Co. in a report released on Wednesday, Marketbeat Ratings reports.

LSEG has been the subject of several other research reports. Citigroup raised their target price on London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a research note on Monday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and set a £132 price objective on shares of London Stock Exchange Group in a research note on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on London Stock Exchange Group from £127 to £128 and gave the company 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 MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of £130.

London Stock Exchange Group Price Performance

Shares of London Stock Exchange Group stock traded up GBX 110 on Wednesday, hitting GBX 8,742. The company had a trading volume of 1,284,697 shares, compared to its average volume of 5,166,667. The business has a 50-day simple moving average of GBX 9,796.35 and a 200-day simple moving average of £107.20. The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. The company has a market cap of £45.78 billion, a PE ratio of 4,707.59, a PEG ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a 52 week low of GBX 8,632 and a 52 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 (EPS) for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. Research analysts expect that London Stock Exchange Group will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group announced that its board has initiated a stock repurchase plan on Thursday, July 31st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider Lloyd Pitchford bought 1,500 shares of London Stock Exchange Group stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of GBX 9,413 per share, for a total transaction of £141,195. Also, insider Michel-Alain Proch acquired 5,686 shares of London Stock Exchange Group stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of GBX 9,340 per share, with a total value of £531,072.40. Insiders purchased 9,186 shares of company stock valued at $86,030,740 over the last quarter. 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.