Deutsche Bank Aktiengesellschaft Has Lowered Expectations for London Stock Exchange Group (LON:LSEG) Stock Price

London Stock Exchange Group (LON:LSEG) had its target price lowered by stock analysts at Deutsche Bank Aktiengesellschaft from £119 to £114 in a research note issued on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 37.55% from the company’s current price.

A number of other equities research analysts have also commented on the company. UBS Group reiterated a “buy” rating and issued a £105 target price on shares of London Stock Exchange Group in a research report on Friday, October 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a £115 price objective on shares of London Stock Exchange Group in a report on Monday, January 19th. Citigroup reduced their target price on shares of London Stock Exchange Group from £133 to £131 and set a “buy” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a £133 price target on shares of London Stock Exchange Group in a research report on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, London Stock Exchange Group currently has a consensus rating of “Buy” and an average price target of £121.67.

London Stock Exchange Group Stock Down 3.4%

Shares of LON LSEG opened at GBX 8,288 on Monday. 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 stock has a market capitalization of £42.17 billion, a PE ratio of 44.63, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41. London Stock Exchange Group has a 12-month low of GBX 8,094 and a 12-month high of £121.85. The stock’s fifty day simple moving average is GBX 8,789.46 and its two-hundred day simple moving average is GBX 9,095.19.

London Stock Exchange Group announced that its board has initiated a share buyback program on Tuesday, November 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are 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.