London Stock Exchange Group (LON:LSEG) Receives “Outperform” Rating from Royal Bank Of Canada

London Stock Exchange Group (LON:LSEG)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a report released on Wednesday, MarketBeat Ratings reports. They presently have a £135 target price on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 55.85% from the company’s current price.

A number of other research firms have also weighed in on LSEG. JPMorgan Chase & Co. boosted their price objective on shares of London Stock Exchange Group from £131 to £132 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of London Stock Exchange Group from £119 to £114 and set a “buy” rating for the company in a research note on Monday, January 26th. Citigroup reduced their price target on London Stock Exchange Group from £133 to £131 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a £115 price objective on shares of London Stock Exchange Group in a research report on Monday, January 19th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of £122.

London Stock Exchange Group Price Performance

LSEG stock traded up GBX 110 on Wednesday, reaching GBX 8,662. The company had a trading volume of 18,440,504 shares, compared to its average volume of 23,445,545. The company’s fifty day moving average is GBX 8,370.49 and its 200 day moving average is GBX 8,703.81. The company has a market cap of £43.80 billion, a P/E ratio of 46.65, a PEG ratio of 1.72 and a beta of 0.36. The company has a debt-to-equity ratio of 59.24, a quick ratio of 0.01 and a current ratio of 229.64. London Stock Exchange Group has a 1 year low of GBX 6,684 and a 1 year high of £118.95.

London Stock Exchange Group (LON:LSEG) last released its quarterly earnings results on Thursday, February 26th. The company reported GBX 420.60 earnings per share for the quarter. London Stock Exchange Group had a return on equity of 6.10% and a net margin of 13.41%. On average, research analysts forecast that London Stock Exchange Group will post 405.5009823 earnings per share for the current year.

London Stock Exchange Group announced that its Board of Directors has initiated 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. Shares buyback plans are often a sign that the company’s leadership 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.