London Stock Exchange Group plc (LON:LSEG) Given Consensus Recommendation of “Buy” by Analysts

Shares of London Stock Exchange Group plc (LON:LSEG) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is £122.

Several brokerages recently issued reports on LSEG. Royal Bank Of Canada reiterated an “outperform” rating and issued a £135 price target on shares of London Stock Exchange Group in a research note on Wednesday, March 4th. Jefferies Financial Group restated a “buy” rating and set a £110 price objective on shares of London Stock Exchange Group in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a research note on Friday, April 10th.

London Stock Exchange Group Stock Up 1.8%

Shares of London Stock Exchange Group stock opened at GBX 9,010 on Friday. 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 of GBX 9,262.77 and a 200 day moving average of GBX 8,770.23. The firm has a market cap of £44.01 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 1.72 and a beta of 0.38. London Stock Exchange Group has a 1 year low of GBX 6,684 and a 1 year high of £111.10.

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

Insiders Place Their Bets

In other London Stock Exchange Group news, insider David Schwimmer sold 4,600 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of GBX 8,778, for a total transaction of £403,788. Corporate insiders own 0.33% 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.