Michel-Alain Proch Buys 5,686 Shares of London Stock Exchange Group plc (LON:LSEG) Stock

Key Points

• Insider Michel-Alain Proch purchased 5,686 shares of London Stock Exchange Group at an average price of GBX 9,340, totaling approximately £531,072.
• Analysts have increased their price targets for London Stock Exchange Group, with Citigroup and Royal Bank of Canada setting targets at £132, indicating strong interest and potential for future growth.
• The company recently initiated a share buyback program, suggesting that management believes the stock is undervalued.

London Stock Exchange Group plc (LON:LSEG - Get Free Report) insider Michel-Alain Proch purchased 5,686 shares of the company's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of GBX 9,340 ($124.19) per share, for a total transaction of £531,072.40 ($706,119.40).

London Stock Exchange Group Stock Performance

Shares of LON LSEG traded up GBX 180 ($2.39) during midday trading on Wednesday, hitting GBX 9,984 ($132.75). The company's stock had a trading volume of 9,994,074 shares, compared to its average volume of 4,527,762. London Stock Exchange Group plc has a 1-year low of GBX 9,050 ($120.33) and a 1-year high of £121.85 ($162.01). The firm's fifty day moving average price is £107.35 and its 200-day moving average price is £111.96. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00. The firm has a market cap of £52.85 billion, a P/E ratio of 78.30, a P/E/G ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.78) EPS for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. On average, sell-side analysts forecast that London Stock Exchange Group plc will post 405.5009823 EPS for the current fiscal 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 purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of London Stock Exchange Group from £127 ($168.86) to £128 ($170.19) and gave the company an "overweight" rating in a research report on Friday, August 1st. Canaccord Genuity Group reiterated a "buy" rating on shares of London Stock Exchange Group in a research report on Tuesday, May 6th. Citigroup increased their price target on shares of London Stock Exchange Group from £130 ($172.85) to £132 ($175.51) and gave the company a "buy" rating in a research report on Monday. Royal Bank Of Canada reiterated an "outperform" rating and issued a £132 ($175.51) price target on shares of London Stock Exchange Group in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of London Stock Exchange Group from £127 ($168.86) to £128 ($170.19) and gave the stock a "buy" rating in a research report on Friday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of £130 ($172.85).

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.