London Stock Exchange Group (OTCMKTS:LNSTY) Stock Price Up 1.1% - Still a Buy?

Key Points

• The stock price of London Stock Exchange Group (OTCMKTS:LNSTY) rose by 1.1%, closing at $31.89 after trading as high as $32.10.
• BNP Paribas upgraded the stock from a "hold" to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• The company recently announced a dividend of $0.124 to be paid on October 2nd, with an impressive dividend yield of 107.0%.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report) shares were up 1.1% on Tuesday . The stock traded as high as $32.10 and last traded at $31.89. Approximately 1,163,545 shares changed hands during trading, an increase of 4% from the average daily volume of 1,116,100 shares. The stock had previously closed at $31.53.

Wall Street Analysts Forecast Growth

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

London Stock Exchange Group Stock Up 1.2%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.33. The business's 50 day moving average price is $35.08 and its two-hundred day moving average price is $36.68.

London Stock Exchange Group Cuts Dividend

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

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.