London Stock Exchange Group's (LSEG) "Buy" Rating Reaffirmed at Jefferies Financial Group

Key Points

• Jefferies reiterated a "Buy" rating on London Stock Exchange Group with a £110 price target (about an 11.38% upside), and the stock carries a consensus "Buy" from seven analysts with an average target of £122.
• LSEG has a market cap of £48.97 billion and a P/E of 41.67; its board authorized a share repurchase program on April 9, while insiders sold 18,767 shares over the last quarter and now own 0.30% of the company.

London Stock Exchange Group (LON:LSEG - Get Free Report)'s stock had its "buy" rating reiterated by investment analysts at Jefferies Financial Group in a report issued on Friday,Digital Look reports. They currently have a £110 price target on the stock. Jefferies Financial Group's target price indicates a potential upside of 11.38% from the company's previous close.

Other research analysts also recently issued research reports about the company. Citigroup reduced their target price on London Stock Exchange Group from £133 to £131 and set a "buy" rating on the stock in a report on Tuesday, January 27th. Royal Bank Of Canada restated an "outperform" rating and set a £135 price objective on shares of London Stock Exchange Group in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of London Stock Exchange Group from £119 to £114 and set a "buy" rating for the company in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of London Stock Exchange Group from £136 to £137 and gave the stock an "overweight" rating in a research report on Friday, April 10th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of £122.

London Stock Exchange Group Stock Up 0.7%

London Stock Exchange Group stock traded up GBX 64.29 during midday trading on Friday, hitting GBX 9,876.29. 83,401,844 shares of the stock were exchanged, compared to its average volume of 24,964,334. London Stock Exchange Group has a 1 year low of GBX 6,684 and a 1 year high of £118.10. The firm has a market cap of £48.97 billion, a P/E ratio of 41.67, a P/E/G ratio of 1.72 and a beta of 0.38. The company has a debt-to-equity ratio of 59.24, a current ratio of 229.64 and a quick ratio of 0.01. The company has a 50 day moving average price of GBX 8,653.41 and a two-hundred day moving average price of GBX 8,711.45.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported GBX 420.60 EPS for the quarter. London Stock Exchange Group had a return on equity of 6.10% and a net margin of 13.41%. On average, sell-side analysts predict that London Stock Exchange Group will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group announced that its board has authorized a share repurchase program on Thursday, April 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at London Stock Exchange Group

In other news, insider David Schwimmer sold 8,863 shares of London Stock Exchange Group stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of GBX 8,732, for a total value of £773,917.16. Also, insider Michel-Alain Proch sold 5,304 shares of London Stock Exchange Group stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of GBX 8,557, for a total transaction of £453,863.28. Over the last quarter, insiders have sold 18,767 shares of company stock worth $163,156,844. 0.30% of the stock is owned by insiders.

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.

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