London Stock Exchange Group (LON:LSEG) Sets New 52-Week Low - Here's Why

Key Points

• The London Stock Exchange Group (LON:LSEG) hit a new 52-week low, trading as low as GBX 8,096 ($109.07), with a significant volume of 167.7 million shares traded during the session.
• Several analysts have upgraded their price targets for LSEG, with Royal Bank of Canada setting a target price of £132 and a consensus rating of "Buy" from five analysts.
• Insiders have been buying shares, including David Schwimmer acquiring 2,000 shares at an average price of GBX 9,402, indicating confidence in the company's future prospects.

London Stock Exchange Group plc (LON:LSEG - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as GBX 8,096 ($109.42) and last traded at GBX 8,136 ($109.96), with a volume of 167731453 shares changing hands. The stock had previously closed at GBX 8,400.64 ($113.54).

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LSEG. JPMorgan Chase & Co. restated an "overweight" rating on shares of London Stock Exchange Group in a research report on Wednesday, September 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a £132 target price on shares of London Stock Exchange Group in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft upped their price target on London Stock Exchange Group from £127 to £128 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Citigroup upped their price target on shares of London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a report on Monday, August 4th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of £130.

London Stock Exchange Group Stock Down 2.8%

The company has a market cap of £42.76 billion, a price-to-earnings ratio of 4,397.42, a P/E/G ratio of 1.72 and a beta of 0.41. 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 firm has a 50-day moving average price of GBX 9,510.74 and a 200 day moving average price of £105.95.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its earnings results 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%. Sell-side analysts predict that London Stock Exchange Group plc will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its Board of Directors has initiated a stock buyback plan on Thursday, July 31st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Lloyd Pitchford bought 1,500 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of GBX 9,413 per share, for a total transaction of £141,195. Also, insider Michel-Alain Proch bought 4,676 shares of the firm's stock in a transaction on Friday, September 19th. The shares were purchased at an average price of GBX 8,274 per share, for a total transaction of £386,892.24. In the last 90 days, insiders have purchased 13,862 shares of company stock worth $124,719,964. Corporate insiders own 0.29% of the company's stock.

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.