Share Buyback Plan Approved by London Stock Exchange Group (LON:LSEG)

Key Points

• London Stock Exchange Group (LSEG) has approved a stock buyback program, indicating management's belief that the stock is undervalued.
• The company's recent trading price was GBX 9,260 ($122.33), with a market cap of £49.02 billion and a P/E ratio of 72.62.
• Analysts from Canaccord Genuity reaffirmed a "buy" rating for LSEG, while JPMorgan and Deutsche Bank adjusted their price targets to £127 ($167.77).

London Stock Exchange Group (LON:LSEG - Get Free Report) announced that its board has authorized a stock buyback program on Thursday, July 31st, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

London Stock Exchange Group Price Performance

LSEG traded down GBX 795 ($10.50) on Thursday, reaching GBX 9,260 ($122.33). The company had a trading volume of 4,476,123 shares, compared to its average volume of 4,546,886. London Stock Exchange Group has a 52-week low of GBX 9,050 ($119.55) and a 52-week high of £121.85 ($160.96). The company has a market cap of £49.02 billion, a price-to-earnings ratio of 72.62, a P/E/G ratio of 1.72 and a beta of 0.41. 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 business has a 50 day simple moving average of £108.98 and a 200 day simple moving average of £112.58.

London Stock Exchange Group (LON:LSEG - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.76) EPS for the quarter. London Stock Exchange Group had a net margin of 7.93% and a return on equity of 2.92%. As a group, sell-side analysts anticipate that London Stock Exchange Group will post 405.5009823 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Canaccord Genuity Group reaffirmed a "buy" rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price objective on London Stock Exchange Group from £133 ($175.69) to £127 ($167.77) and set an "overweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on London Stock Exchange Group from £129 ($170.41) to £127 ($167.77) and set a "buy" rating on the stock in a report on Tuesday, July 8th.

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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