London Stock Exchange Group (LON:LSEG) Price Target Cut to £115 by Analysts at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has cut its price target for London Stock Exchange Group from £128 to £115, while maintaining a "buy" rating on the stock, which indicates a potential upside of 33.50% from the current price.
• The company has a consensus "buy" rating among analysts, with a consensus target price of £128.40, despite the recent downgrade by Deutsche Bank.
• Insiders of the London Stock Exchange Group have made notable purchases of stock recently, with total transactions worth over £124 million in the past 90 days, signaling their confidence in the company's performance.

London Stock Exchange Group (LON:LSEG - Get Free Report) had its price target reduced by analysts at Deutsche Bank Aktiengesellschaft from £128 to £115 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would indicate a potential upside of 33.50% from the stock's current price.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reissued an "overweight" rating on shares of London Stock Exchange Group in a research note on Wednesday, September 10th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a £132 target price on shares of London Stock Exchange Group in a research report on Thursday, July 31st. Jefferies Financial Group reaffirmed a "buy" rating and set a £135 target price on shares of London Stock Exchange Group in a research report on Tuesday. Finally, Citigroup increased their target price on London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a research report on Monday, August 4th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of £128.40.

London Stock Exchange Group Trading Up 0.5%

Shares of LSEG traded up GBX 44 during mid-day trading on Tuesday, reaching GBX 8,614. 10,739,915 shares of the company's stock traded hands, compared to its average volume of 4,947,478. The stock has a market cap of £44.80 billion, a P/E ratio of 4,638.66, a P/E/G ratio of 1.72 and a beta of 0.41. The stock's 50-day moving average is GBX 9,050.37 and its two-hundred day moving average is £103.98. London Stock Exchange Group has a 12 month low of GBX 8,094 and a 12 month high of £121.85. The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01.

London Stock Exchange Group (LON:LSEG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX 208.90 EPS for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. Research analysts forecast 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 of Directors has initiated a share buyback program on Thursday, July 31st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Lloyd Pitchford acquired 1,500 shares of London Stock Exchange Group stock in a transaction on Monday, August 4th. The stock was acquired at an average price of GBX 9,413 per share, for a total transaction of £141,195. Also, insider David Schwimmer acquired 2,000 shares of London Stock Exchange Group stock in a transaction on Monday, August 4th. The shares were bought at an average price of GBX 9,402 per share, with a total value of £188,040. Insiders bought 13,862 shares of company stock worth $124,719,964 in the last 90 days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.