London Stock Exchange Group (OTCMKTS:LNSTY) Stock Price Up 5.1% - Time to Buy?

Key Points

• The stock price of London Stock Exchange Group (OTCMKTS:LNSTY) rose by 5.1%, closing at $32.96 after trading as high as $33.05.
• Analyst ratings are generally positive, with one investment analyst giving a Strong Buy rating and another a Buy rating, leading to an average rating of Strong Buy.
• Recently, the company declared a dividend of $0.124, resulting in a yield of 107.0%, although they have recently cut their dividend.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report)'s stock price rose 5.1% during trading on Friday . The stock traded as high as $33.05 and last traded at $32.96. Approximately 603,783 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,646,722 shares. The stock had previously closed at $31.35.

Analyst Upgrades and Downgrades

LNSTY has been the topic of a number of research analyst reports. Citigroup reiterated a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, September 30th. BNP Paribas upgraded shares of London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Strong Buy".

London Stock Exchange Group Price Performance

The company's 50-day simple moving average is $30.12 and its 200-day simple moving average is $34.58.

London Stock Exchange Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, August 18th were given a $0.124 dividend. The ex-dividend date was Friday, August 15th. This represents a yield of 107.0%.

London Stock Exchange Group Company Profile

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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