London Stock Exchange Group’s (LSEG) Outperform Rating Reiterated at Royal Bank Of Canada

London Stock Exchange Group (LON:LSEG)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Friday,London Stock Exchange reports. They currently have a £136 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 59.74% from the company’s current price.

A number of other equities analysts have also issued reports on LSEG. Jefferies Financial Group reissued a “buy” rating and set a £110 price target on shares of London Stock Exchange Group in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of London Stock Exchange Group from £136 to £137 and gave the company an “overweight” rating in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a research note on Friday. Finally, Citigroup cut shares of London Stock Exchange Group to a “buy” rating in a report on Tuesday, July 7th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, London Stock Exchange Group currently has an average rating of “Buy” and a consensus price target of £121.50.

London Stock Exchange Group Stock Performance

Shares of LON:LSEG traded down GBX 92 during trading on Friday, hitting GBX 8,514. The stock had a trading volume of 16,146,464 shares, compared to its average volume of 19,860,939. London Stock Exchange Group has a 12-month low of GBX 6,684 and a 12-month high of £102.90. The stock has a market capitalization of £41.46 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 1.72 and a beta of 0.39. The company has a quick ratio of 0.01, a current ratio of 229.64 and a debt-to-equity ratio of 59.24. The stock has a 50-day simple moving average of GBX 8,822.59 and a two-hundred day simple moving average of GBX 8,746.90.

London Stock Exchange Group (LON:LSEG) last released its earnings results on Thursday, July 30th. The company reported GBX 244.90 EPS for the quarter. London Stock Exchange Group had a return on equity of 6.10% and a net margin of 13.41%. On average, equities research analysts expect that London Stock Exchange Group will post 405.5009823 earnings per share for the current fiscal year.

London Stock Exchange Group announced that its board has approved a stock repurchase program on Thursday, April 9th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Trending Headlines about London Stock Exchange Group

Here are the key news stories impacting London Stock Exchange Group this week:

• Positive Sentiment: Strong first-half performance and higher guidance: LSEG reported record first-half results, revenue ahead of expectations and quarterly EPS of 244.90 pence. Management raised its full-year outlook, while highlighting momentum in the Pisces business. The upbeat results and guidance are supportive of the investment case. LSEG lifts FY guidance after record first half
• Positive Sentiment: Broker confidence remains high: Jefferies Financial Group and Deutsche Bank each reaffirmed a “buy” rating on LSEG and set a £110 price target, indicating expected upside from current levels. Digital Look broker views
• Neutral Sentiment: Share repurchase announcement provides little immediate support: LSEG’s board authorized a buyback, but the reported purchase amount was zero shares. Consequently, the authorization does not currently represent a material capital-return catalyst. RTT News stock buybacks
• Negative Sentiment: Some uncertainty remains over the outlook: Although LSEG lifted its overall outlook, reports said it narrowed its revenue forecast and was engaged in “constructive” discussions with activist investor Elliott. Investors may be seeking more clarity on revenue growth and potential strategic changes, which could be contributing to near-term pressure. LSEG narrows revenue forecast and discusses Elliott

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.