JPMorgan Chase & Co. Forecasts Strong Price Appreciation for London Stock Exchange Group (LON:LSEG) Stock

London Stock Exchange Group (LON:LSEG) had its price target lifted by JPMorgan Chase & Co. from £127 ($168.57) to £128 ($169.90) in a report released on Friday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 35.97% from the company’s previous close.

A number of other equities analysts have also recently issued reports on LSEG. Canaccord Genuity Group reiterated a “buy” rating on shares of London Stock Exchange Group in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on London Stock Exchange Group from £129 ($171.22) to £127 ($168.57) and set a “buy” rating for the company in a research report on Tuesday, July 8th.

London Stock Exchange Group Price Performance

Shares of LSEG opened at GBX 9,413.62 ($124.95) on Friday. The stock has a 50 day simple moving average of £108.11 and a 200 day simple moving average of £112.24. London Stock Exchange Group has a 52-week low of GBX 9,050 ($120.12) and a 52-week high of £121.85 ($161.73). 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 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.

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

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