London Stock Exchange Group (LON:LSEG) Stock Price Up 0.8% – What’s Next?

London Stock Exchange Group plc (LON:LSEG)’s stock price rose 0.8% during trading on Wednesday . The company traded as high as GBX 8,868 and last traded at GBX 8,774. Approximately 931,880 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 5,693,976 shares. The stock had previously closed at GBX 8,704.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LSEG shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a £133 price target on shares of London Stock Exchange Group in a research note on Tuesday, November 11th. Citigroup upped their target price on shares of London Stock Exchange Group from £127 to £133 and gave the company a “buy” rating in a research report on Thursday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a £135 target price on shares of London Stock Exchange Group in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of London Stock Exchange Group from £115 to £119 and gave the company a “buy” rating in a research report on Friday, October 24th. Finally, UBS Group restated a “buy” rating and issued a £105 price objective on shares of London Stock Exchange Group in a report on Friday, October 17th. Seven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of £126.17.

London Stock Exchange Group Stock Up 0.8%

The company has a market capitalization of £44.91 billion, a PE ratio of 47.25, a PEG 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 business has a fifty day moving average of GBX 8,920.53 and a 200 day moving average of GBX 9,522.41.

London Stock Exchange Group declared that its board has approved a stock buyback plan on Tuesday, November 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at London Stock Exchange Group

In other London Stock Exchange Group news, insider Michel-Alain Proch acquired 4,676 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average price of GBX 8,274 per share, for a total transaction of £386,892.24. Company insiders own 0.29% of the company’s stock.

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.