London Stock Exchange Group (LON:LSEG) Given New £133 Price Target at Citigroup

London Stock Exchange Group (LON:LSEG) had its target price lifted by Citigroup from £127 to £133 in a research note released on Thursday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Several other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on London Stock Exchange Group from £115 to £119 and gave the company a “buy” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. decreased their target price on London Stock Exchange Group from £129 to £128 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Jefferies Financial Group reaffirmed a “buy” rating and issued a £135 target price on shares of London Stock Exchange Group in a research report on Tuesday, October 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a £132 target price on shares of London Stock Exchange Group in a research report on Thursday, July 31st. Finally, UBS Group reiterated a “buy” rating and issued a £105 price target on shares of London Stock Exchange Group in a research note on Friday, October 17th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of £125.33.

London Stock Exchange Group Price Performance

London Stock Exchange Group stock opened at GBX 9,442 on Thursday. London Stock Exchange Group has a 12 month low of GBX 8,094 and a 12 month high of £121.85. The stock’s 50 day moving average is GBX 8,872.58 and its 200-day moving average is £101.48. 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 company has a market capitalization of £49.11 billion, a price-to-earnings ratio of 50.85, a PEG ratio of 1.72 and a beta of 0.41.

London Stock Exchange Group (LON:LSEG) last posted its earnings results on Thursday, July 31st. The company reported GBX 208.90 EPS for the quarter. London Stock Exchange Group had a return on equity of 2.92% and a net margin of 7.93%. Equities research analysts expect that London Stock Exchange Group will post 405.5009823 EPS for the current year.

London Stock Exchange Group announced that its board has authorized a stock repurchase program on Thursday, July 31st that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other London Stock Exchange Group news, insider Lloyd Pitchford bought 1,500 shares of the business’s stock in a transaction on Monday, August 4th. The stock was purchased at an average cost of GBX 9,413 per share, for a total transaction of £141,195. Also, insider David Schwimmer bought 2,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were acquired at an average price of GBX 9,402 per share, with a total value of £188,040. Insiders acquired 8,176 shares of company stock worth $71,612,724 over the last three months. Insiders own 0.29% of the company’s stock.

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.