London Stock Exchange Group (LON:LSEG) Trading Down 12.8% – What’s Next?

London Stock Exchange Group plc (LON:LSEG)’s stock price dropped 12.8% on Wednesday . The stock traded as low as GBX 7,124 and last traded at GBX 7,180. Approximately 3,766,937 shares traded hands during trading, a decline of 83% from the average daily volume of 22,268,205 shares. The stock had previously closed at GBX 8,234.

Wall Street Analyst Weigh In

Several analysts have recently commented on LSEG shares. UBS Group restated a “buy” rating and set a £105 price objective on shares of London Stock Exchange Group in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft cut their price target on 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 reissued a “buy” rating and set a £115 price target on shares of London Stock Exchange Group in a report on Monday, January 19th. Citigroup dropped their price objective on London Stock Exchange Group from £133 to £131 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on London Stock Exchange Group from £131 to £132 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of £121.50.

London Stock Exchange Group Price Performance

The firm has a market cap of £35.80 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.72 and a beta of 0.41. The firm’s fifty day simple moving average is GBX 8,730.62 and its 200 day simple moving average is GBX 8,994.87. The company has a debt-to-equity ratio of 47.39, a quick ratio of 0.01 and a current ratio of 1.00.

London Stock Exchange Group announced that its board has approved a share repurchase program on Tuesday, November 4th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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.