London Stock Exchange Group (LON:LSEG) Trading Up 1.2% - Still a Buy?

Key Points

• London Stock Exchange Group shares increased by 1.2%, trading at GBX 8,884 ($118.48) with a significant drop in volume, recording approximately 2.6 million shares traded.
• Several analyst firms have provided updates on LSEG with price targets ranging from £115 to £135, with a consensus rating of “Buy” and an average target price of £128.40.
• Insider purchases include notable transactions from Lloyd Pitchford and David Schwimmer, indicating confidence in the company as they acquired shares at an average price around GBX 9,400.

London Stock Exchange Group plc (LON:LSEG - Get Free Report) shares were up 1.2% on Monday . The company traded as high as GBX 8,978 ($119.74) and last traded at GBX 8,884 ($118.48). Approximately 2,600,079 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 4,851,365 shares. The stock had previously closed at GBX 8,780 ($117.10).

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LSEG shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of London Stock Exchange Group from £128 to £115 and set a "buy" rating for the company in a research report on Tuesday, October 7th. JPMorgan Chase & Co. reduced their price target on shares of London Stock Exchange Group from £129 to £128 and set an "overweight" rating for the company in a research report on Friday. Citigroup lifted their price objective on shares of London Stock Exchange Group from £130 to £132 and gave the company a "buy" rating in a research note on Monday, August 4th. Royal Bank Of Canada restated an "outperform" rating and issued a £132 price objective on shares of London Stock Exchange Group in a research note on Thursday, July 31st. Finally, Jefferies Financial Group restated a "buy" rating and issued a £135 price objective on shares of London Stock Exchange Group in a research note on Tuesday, October 7th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of £128.40.

London Stock Exchange Group Trading Up 1.2%

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 £46.20 billion, a price-to-earnings ratio of 4,784.06, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The business's 50 day simple moving average is GBX 8,984.89 and its 200 day simple moving average is £103.21.

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its quarterly earnings data 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%. Research analysts anticipate that London Stock Exchange Group plc will post 405.5009823 EPS for the current year.

London Stock Exchange Group announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 31st that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity

In other news, insider Lloyd Pitchford bought 1,500 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of GBX 9,413 per share, with a total value of £141,195. Also, insider David Schwimmer bought 2,000 shares of the stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of GBX 9,402 per share, for a total transaction of £188,040. Insiders have bought a total of 13,862 shares of company stock valued at $124,719,964 over the last quarter. Corporate insiders own 0.29% 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.

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