London Stock Exchange Group (LON:LSEG) Price Target Raised to £128 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has raised the price target for London Stock Exchange Group from £127 to £128, indicating a potential upside of 37.40% from the company's previous close.
• London Stock Exchange Group's stock recently opened at GBX 9,316 and reported earnings per share (EPS) of GBX 208.90 for the last quarter.
• The company has initiated a stock buyback program, a move typically seen as a sign that management believes the stock is undervalued.

London Stock Exchange Group (LON:LSEG - Get Free Report) had its target price hoisted by analysts at JPMorgan Chase & Co. from £127 ($167.77) to £128 ($169.09) in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 37.40% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered their price target on London Stock Exchange Group from £129 ($170.41) to £127 ($167.77) and set a "buy" rating for the company in a research report on Tuesday, July 8th. Canaccord Genuity Group reissued a "buy" rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th.

London Stock Exchange Group Stock Up 0.6%

London Stock Exchange Group stock opened at GBX 9,316 ($123.06) on Friday. 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 has a 1-year low of GBX 9,050 ($119.55) and a 1-year high of £121.85 ($160.96). The company has a market cap of £49.32 billion, a PE ratio of 73.06, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The stock's 50 day moving average price is £108.53 and its 200 day moving average price is £112.42.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 ($2.76) earnings per share (EPS) for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. On average, sell-side analysts predict that London Stock Exchange Group will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group announced that its Board of Directors has approved a stock buyback 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 typically an indication that the company's leadership believes its stock is undervalued.

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.

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.