London Stock Exchange Group (LON:LSEG) Price Target Raised to £128

Key Points

• Deutsche Bank Aktiengesellschaft raised the price target for London Stock Exchange Group from £127 to £128, suggesting a potential upside of 37.40% from the current price.
• The company recently reported an earnings per share (EPS) of GBX 208.90 ($2.76) for the last quarter, with analysts anticipating an EPS of 405.50 for the current fiscal year.
• LSEG's Board of Directors authorized a stock repurchase plan, indicating the management's belief that its shares are undervalued.

London Stock Exchange Group (LON:LSEG - Free Report) had its price target increased by Deutsche Bank Aktiengesellschaft from £127 ($168.79) to £128 ($170.12) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of London Stock Exchange Group from £127 ($168.79) to £128 ($170.12) and gave the stock an "overweight" rating in a research note on Friday. Canaccord Genuity Group reaffirmed a "buy" rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of £130 ($172.78).

London Stock Exchange Group Trading Up 1.7%

Shares of LSEG traded up GBX 168 ($2.23) on Friday, reaching GBX 9,804 ($130.30). 2,089,271 shares of the company's stock were exchanged, compared to its average volume of 4,491,447. 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 stock has a market capitalization of £51.90 billion, a P/E ratio of 76.89, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The business has a 50 day moving average price of £107.73 and a two-hundred day moving average price of £112.05. London Stock Exchange Group has a 12 month low of GBX 9,050 ($120.28) and a 12 month high of £121.85 ($161.95).

London Stock Exchange Group (LON:LSEG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.78) 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 anticipate that London Stock Exchange Group will post 405.5009823 earnings per share for the current year.

London Stock Exchange Group announced that its Board of Directors has approved a share repurchase program on Thursday, July 31st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other London Stock Exchange Group news, insider Michel-Alain Proch purchased 5,686 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of GBX 9,340 ($124.14) per share, with a total value of £531,072.40 ($705,837.85). Also, insider Lloyd Pitchford purchased 1,500 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of GBX 9,413 ($125.11) per share, with a total value of £141,195 ($187,659.49). Insiders acquired 9,186 shares of company stock valued at $86,030,740 over the last quarter. 5.64% of the stock is owned by company 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.