London Stock Exchange Group (LON:LSEG) Stock Price 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)'s share price traded down 0.1% during mid-day trading on Monday . The stock traded as low as GBX 9,400 ($126.46) and last traded at GBX 9,464 ($127.32). 717,587 shares changed hands 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 ($127.40).

Analyst Ratings Changes

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

London Stock Exchange Group Price Performance

The stock has a market cap of £50.10 billion, a P/E ratio of 74.22, a PEG ratio of 1.72 and a beta of 0.41. The company has a 50 day simple moving average of £102.56 and a 200 day simple moving average of £109.63. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39.

London Stock Exchange Group (LON:LSEG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 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%. Sell-side analysts forecast 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 share repurchase program on Thursday, July 31st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at London Stock Exchange Group

In related news, insider Lloyd Pitchford acquired 1,500 shares of the company's stock in a transaction dated Monday, August 4th. The shares were bought at an average price of GBX 9,413 per share, for a total transaction of £141,195. Also, insider David Schwimmer acquired 2,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were bought at an average price of GBX 9,402 per share, for a total transaction of £188,040. Insiders have purchased a total of 9,186 shares of company stock worth $86,030,740 in the last 90 days. Corporate insiders own 5.64% 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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