Stock Buyback Plan Authorized by London Stock Exchange Group (LON:LSEG) Board of Directors

London Stock Exchange Group (LON:LSEG) declared that its board has initiated a stock repurchase program on Thursday, April 9th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LSEG shares. Citigroup reduced their target price on shares of London Stock Exchange Group from £133 to £131 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. JPMorgan Chase & Co. increased their target price on shares of London Stock Exchange Group from £131 to £132 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of London Stock Exchange Group from £119 to £114 and set a “buy” rating for the company in a report on Monday, January 26th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a £135 price objective on shares of London Stock Exchange Group in a research note on Wednesday, March 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a £110 price objective on shares of London Stock Exchange Group in a report on Tuesday, March 31st. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of £121.17.

London Stock Exchange Group Stock Performance

LSEG stock opened at GBX 8,988 on Friday. The stock has a market capitalization of £44.57 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. The company has a debt-to-equity ratio of 59.24, a current ratio of 229.64 and a quick ratio of 0.01. The company has a 50 day moving average price of GBX 8,284.53 and a 200 day moving average price of GBX 8,639.09. London Stock Exchange Group has a fifty-two week low of GBX 6,684 and a fifty-two week high of £118.10.

London Stock Exchange Group (LON:LSEG) last released its earnings results on Thursday, February 26th. The company reported GBX 420.60 EPS for the quarter. London Stock Exchange Group had a return on equity of 6.10% and a net margin of 13.41%. Analysts forecast that London Stock Exchange Group will post 405.5009823 EPS for the current year.

Insider Activity

In other news, insider Michel-Alain Proch sold 5,304 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of GBX 8,557, for a total value of £453,863.28. Also, insider David Schwimmer sold 4,600 shares of London Stock Exchange Group stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of GBX 8,778, for a total transaction of £403,788. Insiders have sold a total of 18,767 shares of company stock valued at $163,156,844 over the last three months. Company insiders own 0.30% of the company’s stock.

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.