London Stock Exchange Group (OTCMKTS:LNSTY) Stock Price Down 1% - Here's What Happened

Key Points

• The stock price of London Stock Exchange Group (OTCMKTS:LNSTY) fell by 1% to $29.45, with a trading volume that decreased by 14% from its average.
• Analysts are optimistic, as Citigroup and BNP Paribas recently provided positive ratings, with the company currently holding an average rating of "Strong Buy."
• The company has announced a dividend yield of 107.0%, with the most recent dividend payment made on October 2nd.

Shares of London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) were down 1% on Thursday . The stock traded as low as $29.27 and last traded at $29.45. Approximately 1,588,074 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 1,850,179 shares. The stock had previously closed at $29.76.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LNSTY shares. Citigroup reissued a "buy" rating on shares of London Stock Exchange Group in a research report on Tuesday. BNP Paribas raised London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

London Stock Exchange Group Price Performance

The company has a 50 day simple moving average of $31.10 and a 200-day simple moving average of $35.36.

London Stock Exchange Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, August 18th were paid a $0.124 dividend. The ex-dividend date was Friday, August 15th. This represents a dividend 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.

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