London Stock Exchange Group (LON:LSEG) Trading Down 0.1% - Should You Sell?

Key Points

• The share price of London Stock Exchange Group (LON:LSEG) decreased by 0.1% to GBX 9,464 ($127.32), with a significant decline in trading volume of 83% compared to its average session.
• Several analysts have issued a Buy rating for LSEG, with target prices ranging from £128 to £132, indicating optimism about the stock's potential performance.
• The company initiated a share repurchase program, signaling confidence from leadership that the stock may be undervalued, along with recent insider purchases totaling over £300,000.

London Stock Exchange Group plc (LON:LSEG - Get Free Report) fell 0.1% during mid-day trading on Monday . The stock traded as low as GBX 9,400 ($126.94) and last traded at GBX 9,464 ($127.81). 717,587 shares were traded during trading, a decline of 83% from the average session volume of 4,267,205 shares. The stock had previously closed at GBX 9,470 ($127.89).

Analysts Set New Price Targets

Several brokerages recently issued reports on LSEG. JPMorgan Chase & Co. boosted their price target on shares of London Stock Exchange Group from £127 to £128 and gave the company an "overweight" rating in a research report on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating on shares of London Stock Exchange Group in a research report on Tuesday, May 6th. Citigroup boosted their price target on shares of London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a research report on Monday, August 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a £132 target price on shares of London Stock Exchange Group in a research note on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of London Stock Exchange Group from £127 to £128 and gave the company a "buy" rating in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, London Stock Exchange Group currently has an average rating of "Buy" and a consensus target price of £130.

London Stock Exchange Group Stock Down 0.7%

The stock's 50 day simple moving average is £101.32 and its two-hundred day simple moving average is £108.96. The firm has a market cap of £48.26 billion, a P/E ratio of 4,937.00, a P/E/G ratio of 1.72 and a beta of 0.41. The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01.

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 EPS for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. As a group, research analysts forecast that London Stock Exchange Group plc will post 405.5009823 earnings per share for the current year.

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

Insider Activity

In other news, insider Lloyd Pitchford purchased 1,500 shares of the business's stock in a transaction dated 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 purchased 5,686 shares of the business's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of GBX 9,340 per share, for a total transaction of £531,072.40. Insiders have bought a total of 9,186 shares of company stock worth $86,030,740 over the last 90 days. 0.31% of the stock is currently owned by 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.