London Stock Exchange Group (LON:LSEG) Hits New 1-Year Low - What's Next?

Key Points

• London Stock Exchange Group shares reached a new 52-week low of GBX 9,364 ($124.16) during trading recently, marking a significant drop from its previous close of £100.55 ($133.32).
• Analysts have made adjustments to their price targets, with JPMorgan lowering theirs from £133 to £127 while maintaining an "overweight" rating; Deutsche Bank also set a target of £127 with a "buy" rating.
• The company's market capitalization stands at £49.60 billion with a P/E ratio of 73.49, indicating a high valuation in relation to its earnings.

London Stock Exchange Group plc (LON:LSEG - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 9,364 ($124.29) and last traded at GBX 9,370 ($124.37), with a volume of 20867311 shares changing hands. The stock had previously closed at £100.55 ($133.46).

Analyst Ratings Changes

Several brokerages have recently weighed in on LSEG. Deutsche Bank Aktiengesellschaft upped their target price on London Stock Exchange Group from £127 ($168.57) to £128 ($169.90) and gave the stock a "buy" rating in a research note on Friday. Royal Bank Of Canada reaffirmed an "outperform" rating and set a £132 ($175.21) price objective on shares of London Stock Exchange Group in a report on Thursday. Canaccord Genuity Group reissued a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on London Stock Exchange Group from £127 ($168.57) to £128 ($169.90) and gave the stock an "overweight" rating in a report on Friday.

London Stock Exchange Group Stock Performance

The company has a market cap of £49.83 billion, a price-to-earnings ratio of 73.83, a PEG ratio of 1.72 and a beta of 0.41. The firm's 50 day simple moving average is £108.11 and its 200-day simple moving average is £112.24. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00.

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.77) earnings per share for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. On average, sell-side analysts predict that London Stock Exchange Group plc will post 405.5009823 EPS for the current year.

London Stock Exchange Group announced that its board has initiated a stock buyback program on Thursday, July 31st that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.