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

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 price target lifted by research analysts at JPMorgan Chase & Co. from £127 ($168.79) to £128 ($170.12) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 30.56% from the stock's current price.

A number of other research firms also recently issued reports on LSEG. Deutsche Bank Aktiengesellschaft dropped their price target on London Stock Exchange Group from £129 ($171.45) to £127 ($168.79) and set a "buy" rating on the stock in a research note on Tuesday, July 8th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of £130 ($172.78).

London Stock Exchange Group Stock Up 1.7%

Shares of LON:LSEG traded up GBX 168 ($2.23) during trading on Friday, hitting GBX 9,804 ($130.30). The stock had a trading volume of 2,089,271 shares, compared to its average volume of 4,491,447. 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). The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 47.39. The company has a market capitalization of £51.90 billion, a PE ratio of 76.89, a PEG ratio of 1.72 and a beta of 0.41. The firm's fifty day moving average is £107.73 and its 200 day moving average is £112.05.

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 ($2.78) 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%. Analysts anticipate that London Stock Exchange Group will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group declared that its board has approved a share repurchase plan on Thursday, July 31st that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, insider Michel-Alain Proch acquired 5,686 shares of London Stock Exchange Group stock in a transaction on Friday, August 1st. The shares were bought at an average cost of GBX 9,340 ($124.14) per share, for a total transaction of £531,072.40 ($705,837.85). Also, insider Lloyd Pitchford acquired 1,500 shares of London Stock Exchange Group stock in a transaction on Monday, August 4th. The shares were purchased at an average price of GBX 9,413 ($125.11) per share, for a total transaction of £141,195 ($187,659.49). Over the last 90 days, insiders have acquired 9,186 shares of company stock valued at $86,030,740. 5.64% of the stock is currently owned by insiders.

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.