Royal Bank Of Canada Reaffirms "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).

London Stock Exchange Group (LON:LSEG - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Royal Bank Of Canada in a note issued to investors on Thursday, MarketBeat reports. They presently have a £132 ($174.37) price objective on the stock. Royal Bank Of Canada's target price points to a potential upside of 41.69% from the stock's current price.

A number of other research firms also recently commented on LSEG. Canaccord Genuity Group reiterated a "buy" rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. JPMorgan Chase & Co. increased their target price on London Stock Exchange Group from £127 ($167.77) to £128 ($169.09) and gave the stock an "overweight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on London Stock Exchange Group from £127 ($167.77) to £128 ($169.09) and gave the stock a "buy" rating in a research note on Friday.

London Stock Exchange Group Trading Up 0.6%

Shares of LSEG stock opened at GBX 9,316 ($123.06) on Thursday. The company's 50-day moving average price is £108.53 and its 200-day moving average price is £112.42. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. The stock has a market cap of £49.32 billion, a price-to-earnings ratio of 73.06, a PEG ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a twelve month low of GBX 9,050 ($119.55) and a twelve month high of £121.85 ($160.96).

London Stock Exchange Group (LON:LSEG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 208.90 ($2.76) 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%. As a group, equities analysts predict that London Stock Exchange Group will post 405.5009823 earnings per share for the current year.

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

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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