JPMorgan Chase & Co. Increases London Stock Exchange Group (LON:LSEG) Price Target to £137

London Stock Exchange Group (LON:LSEG) had its price target upped by analysts at JPMorgan Chase & Co. from £136 to £137 in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 52.14% from the company’s current price.

A number of other analysts have also commented on the stock. Citigroup reduced their price objective on shares of London Stock Exchange Group from £133 to £131 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of London Stock Exchange Group from £119 to £114 and set a “buy” rating for the company in a research note on Monday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a £110 price objective on shares of London Stock Exchange Group in a research note on Tuesday, March 31st. Finally, 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. Seven investment 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 price target of £122.

London Stock Exchange Group Price Performance

LSEG stock opened at GBX 9,004.65 on Friday. The company has a current ratio of 229.64, a quick ratio of 0.01 and a debt-to-equity ratio of 59.24. London Stock Exchange Group has a one year low of GBX 6,684 and a one year high of £118.10. The firm has a market capitalization of £44.65 billion, a PE ratio of 37.99, a P/E/G ratio of 1.72 and a beta of 0.38. The firm has a 50-day moving average of GBX 8,302.18 and a two-hundred day moving average of GBX 8,647.88.

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

London Stock Exchange Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, April 9th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, insider Michel-Alain Proch sold 5,304 shares of London Stock Exchange Group stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of GBX 8,557, for a total transaction of £453,863.28. Also, insider David Schwimmer sold 4,600 shares of London Stock Exchange Group stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of GBX 8,778, for a total value of £403,788. Over the last quarter, insiders have sold 18,767 shares of company stock valued at $163,156,844. 0.30% of the stock is owned by corporate insiders.

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.