UBS Group Reaffirms Buy Rating for London Stock Exchange Group (LON:LSEG)

London Stock Exchange Group (LON:LSEG)‘s stock had its “buy” rating reissued by analysts at UBS Group in a report released on Friday, MarketBeat.com reports. They currently have a £105 price objective on the stock. UBS Group’s price target points to a potential upside of 22.87% from the stock’s previous close.

A number of other research analysts have also recently commented on LSEG. Royal Bank Of Canada restated an “outperform” rating and issued a £132 price target on shares of London Stock Exchange Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of London Stock Exchange Group from £129 to £128 and set an “overweight” rating on the stock in a research note on Friday, October 10th. Citigroup raised their target price on shares of London Stock Exchange Group from £130 to £132 and gave the company a “buy” rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of London Stock Exchange Group from £128 to £115 and set a “buy” rating for the company in a report on Tuesday, October 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a £135 price objective on shares of London Stock Exchange Group in a research note on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, London Stock Exchange Group has a consensus rating of “Buy” and a consensus target price of £124.50.

London Stock Exchange Group Stock Down 1.3%

Shares of LSEG opened at GBX 8,545.44 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 47.39. London Stock Exchange Group has a 12 month low of GBX 8,094 and a 12 month high of £121.85. The firm’s 50 day moving average is GBX 8,889.39 and its 200-day moving average is £102.51. The stock has a market capitalization of £44.44 billion, a PE ratio of 4,601.75, 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 results on Thursday, July 31st. The company reported GBX 208.90 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%. Equities research analysts forecast that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 31st that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Michel-Alain Proch purchased 5,686 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of GBX 9,340 per share, for a total transaction of £531,072.40. Also, insider Lloyd Pitchford purchased 1,500 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of GBX 9,413 per share, with a total value of £141,195. Insiders purchased a total of 13,862 shares of company stock worth $124,719,964 in the last three months. 0.29% of the stock is owned by corporate insiders.

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.