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

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 bought 5,686 shares of London Stock Exchange Group stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of GBX 9,340 ($125.61) per share, for a total transaction of £531,072.40 ($714,190.96).

London Stock Exchange Group Stock Up 0.7%

LSEG stock traded up GBX 68 ($0.91) during midday trading on Friday, hitting GBX 9,974 ($134.13). The company's stock had a trading volume of 36,426,398 shares, compared to its average volume of 4,667,894. The firm has a 50-day simple moving average of £106.79 and a 200-day simple moving average of £111.76. The firm has a market capitalization of £52.80 billion, a P/E ratio of 78.22, a PEG ratio of 1.72 and a beta of 0.41. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 47.39. London Stock Exchange Group plc has a 52-week low of GBX 9,050 ($121.71) and a 52-week high of £121.85 ($163.86).

London Stock Exchange Group (LON:LSEG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.81) EPS for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. As a group, equities analysts forecast that London Stock Exchange Group plc will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its Board of Directors has approved a share buyback program on Thursday, July 31st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently commented on LSEG shares. Citigroup upped their price objective on shares of London Stock Exchange Group from £130 ($174.83) to £132 ($177.51) and gave the stock a "buy" rating in a report on Monday. Royal Bank Of Canada restated an "outperform" rating and set a £132 ($177.51) price target on shares of London Stock Exchange Group in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on London Stock Exchange Group from £127 ($170.79) to £128 ($172.14) and gave the company an "overweight" rating in a research note on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on London Stock Exchange Group from £127 ($170.79) to £128 ($172.14) and gave the company a "buy" rating in a research report on Friday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of £130 ($174.83).

About London Stock Exchange Group

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.