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

London Stock Exchange Group (LON:LSEG)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a report released on Thursday, MarketBeat reports. They currently have a £132 ($175.21) price objective on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 40.22% from the company’s previous close.

LSEG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of London Stock Exchange Group from £127 ($168.57) to £128 ($169.90) and gave the company a “buy” rating in a report on Friday. Canaccord Genuity Group reaffirmed a “buy” rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on London Stock Exchange Group from £127 ($168.57) to £128 ($169.90) and gave the stock an “overweight” rating in a research report on Friday.

London Stock Exchange Group Stock Up 1.7%

Shares of LSEG stock opened at GBX 9,413.62 ($124.95) on Thursday. London Stock Exchange Group has a fifty-two week low of GBX 9,050 ($120.12) and a fifty-two week high of £121.85 ($161.73). The firm has a market capitalization of £49.83 billion, a PE ratio of 73.83, 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 stock’s 50-day simple moving average is £108.11 and its 200-day simple moving average is £112.27.

London Stock Exchange Group (LON:LSEG) last issued its earnings results on Thursday, July 31st. The company reported GBX 208.90 ($2.77) EPS for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. Equities analysts expect that London Stock Exchange Group will post 405.5009823 earnings per share for the current year.

London Stock Exchange Group announced that its Board of Directors has initiated a share buyback program on Thursday, July 31st that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board 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.