London Stock Exchange Group (OTCMKTS:LNSTY) Shares Gap Down - What's Next?

Key Points

• London Stock Exchange Group shares experienced a significant gap down, opening at $27.82 after closing at $29.22, and they last traded at $27.63.
• BNP Paribas upgraded the stock's rating from "hold" to "strong-buy", and two research analysts support this positive outlook for the company.
• The company announced a dividend of $0.124 to shareholders, representing a yield of 107.0%, with the ex-dividend date set for August 15th.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $29.22, but opened at $27.82. London Stock Exchange Group shares last traded at $27.63, with a volume of 162,903 shares trading hands.

Analyst Ratings Changes

Separately, BNP Paribas raised London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

London Stock Exchange Group Stock Performance

The company's fifty day moving average price is $32.51 and its two-hundred day moving average price is $35.83. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.33.

London Stock Exchange Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Monday, August 18th will be paid a $0.124 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 107.0%.

About London Stock Exchange Group

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.