London Stock Exchange Group (LON:LSEG) Receives "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group has reissued a "buy" rating on London Stock Exchange Group (LON:LSEG), with a price target of £135, indicating potential upside of 56.90% from its previous close.
• Other analysts have also shown confidence in LSEG, with six ratings of "Buy" and an average price target of £131.
• Insiders at London Stock Exchange Group have been actively buying shares, indicating their belief in the company's undervalued stock.

London Stock Exchange Group (LON:LSEG - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They presently have a £135 price objective on the stock. Jefferies Financial Group's price objective points to a potential upside of 56.90% from the stock's previous close.

A number of other research analysts have also issued reports on LSEG. Royal Bank Of Canada restated an "outperform" rating and set a £132 price objective on shares of London Stock Exchange Group in a research report on Thursday, July 31st. Citigroup lifted their price target on London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. restated an "overweight" rating on shares of London Stock Exchange Group in a research note on Wednesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on London Stock Exchange Group from £127 to £128 and gave the company a "buy" rating in a research note on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of £131.

London Stock Exchange Group Stock Up 0.3%

Shares of LSEG stock traded up GBX 28 during trading hours on Tuesday, reaching GBX 8,604. The company had a trading volume of 11,331,500 shares, compared to its average volume of 4,970,135. London Stock Exchange Group has a twelve month low of GBX 8,094 and a twelve month high of £121.85. The stock's fifty day simple moving average is GBX 9,078.97 and its 200 day simple moving average is £104.11. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00. The company has a market capitalization of £44.75 billion, a P/E ratio of 4,633.28, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41.

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 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%. As a group, sell-side analysts expect that London Stock Exchange Group will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group announced that its board has initiated a stock repurchase program on Thursday, July 31st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other London Stock Exchange Group news, insider Lloyd Pitchford acquired 1,500 shares of the company's stock in a transaction on Monday, August 4th. The shares were purchased at an average price of GBX 9,413 per share, for a total transaction of £141,195. Also, insider Michel-Alain Proch bought 4,676 shares of the stock in a transaction dated Friday, September 19th. The shares were purchased at an average price of GBX 8,274 per share, for a total transaction of £386,892.24. Over the last quarter, insiders have purchased 13,862 shares of company stock worth $124,719,964. Corporate insiders own 0.29% of the company's stock.

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.

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