London Stock Exchange Group (LON:LSEG) Trading Up 0.2% – Time to Buy?

London Stock Exchange Group plc (LON:LSEG)’s stock price was up 0.2% on Monday . The company traded as high as GBX 9,066 and last traded at GBX 8,971. Approximately 1,535,636 shares traded hands during trading, a decline of 64% from the average daily volume of 4,226,251 shares. The stock had previously closed at GBX 8,952.

Analyst Ratings Changes

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

London Stock Exchange Group Stock Performance

The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. The stock has a fifty day moving average price of GBX 8,844.47 and a two-hundred day moving average price of GBX 9,242.85. The company has a market cap of £45.64 billion, a P/E ratio of 48.31, a PEG ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.