Royal Bank Of Canada Reiterates Outperform Rating for London Stock Exchange Group (LON:LSEG)

Key Points

• Royal Bank of Canada has reiterated its "outperform" rating for London Stock Exchange Group (LSEG) and set a target price of £132 ($174.37), indicating a potential upside of 41.69%.
• Other analysts, including those from Canaccord Genuity Group and JPMorgan Chase, have also provided positive ratings, with target price increases to £128 ($169.09).
• The London Stock Exchange Group has a current market cap of £49.32 billion and a twelve-month trading range with a low of GBX 9,050 ($119.55) and a high of £121.85 ($160.96).

Royal Bank Of Canada restated their outperform rating on shares of London Stock Exchange Group (LON:LSEG - Free Report) in a research note published on Thursday morning, Marketbeat.com reports. They currently have a £132 ($175.44) price target on the stock.

Several other equities analysts have also issued reports on LSEG. Canaccord Genuity Group reaffirmed a "buy" rating on shares of London Stock Exchange Group in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their price target on London Stock Exchange Group from £127 ($168.79) to £128 ($170.12) and gave the company an "overweight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on London Stock Exchange Group from £127 ($168.79) to £128 ($170.12) and gave the company a "buy" rating in a research note on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of £130 ($172.78).

London Stock Exchange Group Trading Up 1.7%

Shares of LSEG traded up GBX 168 ($2.23) during trading hours on Thursday, hitting GBX 9,804 ($130.30). 2,089,271 shares of the stock traded hands, compared to its average volume of 4,491,447. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. London Stock Exchange Group has a 1-year low of GBX 9,050 ($120.28) and a 1-year high of £121.85 ($161.95). The firm has a market capitalization of £51.90 billion, a PE ratio of 76.89, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. The business has a fifty day moving average of £107.73 and a 200-day moving average of £112.05.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.78) earnings per share (EPS) for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. Analysts expect that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group declared that its board has authorized a stock repurchase plan on Thursday, July 31st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at London Stock Exchange Group

In related news, insider Michel-Alain Proch bought 5,686 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of GBX 9,340 ($124.14) per share, with a total value of £531,072.40 ($705,837.85). Also, insider Lloyd Pitchford bought 1,500 shares of the business's stock in a transaction on Monday, August 4th. The stock was bought at an average cost of GBX 9,413 ($125.11) per share, for a total transaction of £141,195 ($187,659.49). Over the last quarter, insiders have purchased 9,186 shares of company stock valued at $86,030,740. 5.64% of the stock is currently owned by company 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.