London Stock Exchange Group (LON:LSEG) Sets New 1-Year Low - Here's What Happened

Key Points

• London Stock Exchange Group's stock hit a new 52-week low at GBX 9,048 ($122.57) amid a trading volume of over 4.6 million shares.
• Analysts have a consensus "Buy" rating on the stock, with price targets ranging from £128 to £132 set by major brokerages including JPMorgan Chase and Citigroup.
• Insiders have been actively buying shares, with purchases totaling 9,186 shares valued at approximately £86 million over the last three months.

London Stock Exchange Group plc (LON:LSEG - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 9,048 ($122.73) and last traded at GBX 9,068 ($123.01), with a volume of 4682222 shares trading hands. The stock had previously closed at GBX 9,260 ($125.61).

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a £132 price target on shares of London Stock Exchange Group in a report on Thursday, July 31st. Citigroup lifted their price target on shares of London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of London Stock Exchange Group from £127 to £128 and gave the company a "buy" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of London Stock Exchange Group in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of £130.

London Stock Exchange Group Trading Down 1.2%

The firm has a fifty day moving average of GBX 9,796.35 and a 200-day moving average of £107.27. 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 stock has a market capitalization of £45.20 billion, a price-to-earnings ratio of 4,648.36, a P/E/G ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 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, equities analysts predict that London Stock Exchange Group plc will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group declared that its board has approved a stock repurchase plan on Thursday, July 31st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at London Stock Exchange Group

In related news, insider Lloyd Pitchford acquired 1,500 shares of the business's stock in a transaction on Monday, August 4th. The shares were bought at an average cost of GBX 9,413 per share, with a total value of £141,195. Also, insider David Schwimmer acquired 2,000 shares of the business's stock in a transaction on Monday, August 4th. The stock was bought at an average cost of GBX 9,402 per share, for a total transaction of £188,040. Insiders have purchased 9,186 shares of company stock valued at $86,030,740 over the last three months. 0.29% of the stock is owned by company insiders.

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.