JPMorgan Chase & Co. Issues Pessimistic Forecast for London Stock Exchange Group (LON:LSEG) Stock Price

London Stock Exchange Group (LON:LSEG) had its target price dropped by JPMorgan Chase & Co. from £133 ($178.60) to £127 ($170.54) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.00% from the company’s current price.

A number of other research firms also recently issued reports on LSEG. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of London Stock Exchange Group from £129 ($173.22) to £127 ($170.54) and set a “buy” rating for the company in a report on Tuesday, July 8th. Canaccord Genuity Group reissued a “buy” rating on shares of London Stock Exchange Group in a research report on Tuesday, May 6th.

London Stock Exchange Group Price Performance

LSEG stock opened at £108.55 ($145.76) on Wednesday. The stock has a market cap of £57.46 billion, a P/E ratio of 85.13, a P/E/G ratio of 1.72 and a beta of 0.41. 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’s fifty day simple moving average is £110.92 and its two-hundred day simple moving average is £113.29. London Stock Exchange Group has a 1-year low of GBX 9,312 ($125.04) and a 1-year high of £121.85 ($163.62).

London Stock Exchange Group Company Profile

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.