London Stock Exchange Group (LON:LSEG) Price Target Lowered to £131 at Citigroup

London Stock Exchange Group (LON:LSEG) had its price objective cut by Citigroup from £133 to £131 in a report issued on Tuesday, Marketbeat.com reports. They currently have a buy rating on the stock.

Several other research firms have also issued reports on LSEG. Jefferies Financial Group reaffirmed a “buy” rating and issued a £115 price objective on shares of London Stock Exchange Group in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft boosted their price target on London Stock Exchange Group from £115 to £119 and gave the stock a “buy” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a £133 price objective on shares of London Stock Exchange Group in a research note on Tuesday, November 11th. Finally, UBS Group restated a “buy” rating and issued a £105 target price 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, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of £121.67.

London Stock Exchange Group Price Performance

Shares of LSEG opened at GBX 8,266 on Tuesday. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00. The firm has a market cap of £42.06 billion, a PE ratio of 44.51, a PEG ratio of 1.72 and a beta of 0.41. The firm’s 50 day moving average price is GBX 8,789.46 and its 200 day moving average price is GBX 9,095.19. London Stock Exchange Group has a twelve month low of GBX 8,094 and a twelve month high of £121.85.

London Stock Exchange Group declared that its board has approved a stock buyback plan on Tuesday, November 4th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication 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.