London Stock Exchange Group (LON:LSEG) Hits New 1-Year Low - Here's Why

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 stock price reached a new 52-week low on Thursday . The company traded as low as GBX 9,364 ($124.34) and last traded at GBX 9,370 ($124.42), with a volume of 20867311 shares trading hands. The stock had previously closed at £100.55 ($133.51).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Canaccord Genuity Group reissued a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. Citigroup increased their price objective on London Stock Exchange Group from £130 ($172.62) to £132 ($175.28) and gave the company a "buy" rating in a research note on Monday. Royal Bank Of Canada restated an "outperform" rating and set a £132 ($175.28) target price on shares of London Stock Exchange Group in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on London Stock Exchange Group from £127 ($168.64) to £128 ($169.96) and gave the company a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on London Stock Exchange Group from £127 ($168.64) to £128 ($169.96) and gave the stock an "overweight" rating in a report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of £130 ($172.62).

London Stock Exchange Group Price Performance

The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. The company has a market capitalization of £51.01 billion, a PE ratio of 75.57, a PEG ratio of 1.72 and a beta of 0.41. The firm has a 50-day moving average of £108.11 and a 200 day moving average of £112.21.

London Stock Exchange Group (LON:LSEG - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.77) 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%. As a group, research analysts anticipate that London Stock Exchange Group plc will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group announced that its Board of Directors has initiated a stock 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 often a sign that the company's management believes its shares are undervalued.

Insider Activity at London Stock Exchange Group

In other news, insider Lloyd Pitchford purchased 1,500 shares of the business's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of GBX 9,413 ($124.99) per share, for a total transaction of £141,195 ($187,485.06). Also, insider Michel-Alain Proch purchased 5,686 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of GBX 9,340 ($124.02) per share, with a total value of £531,072.40 ($705,181.78). Company insiders own 5.64% of the company's stock.

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.