London Stock Exchange Group’s (LSEG) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of London Stock Exchange Group (LON:LSEG) in a research report report published on Friday morning,Digital Look reports. The firm currently has a £110 price objective on the stock.

A number of other brokerages also recently weighed in on LSEG. Citigroup downgraded shares of London Stock Exchange Group to a “buy” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of London Stock Exchange Group from £119 to £110 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of London Stock Exchange Group from £136 to £137 and gave the stock an “overweight” rating in a report on Friday, April 10th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of £121.50.

London Stock Exchange Group Stock Performance

LON:LSEG opened at GBX 8,398 on Friday. The stock has a market cap of £40.89 billion, a P/E ratio of 35.43, a PEG ratio of 1.72 and a beta of 0.58. The company has a quick ratio of 0.01, a current ratio of 253.33 and a debt-to-equity ratio of 20.32. The business’s 50-day moving average price is GBX 8,802.20 and its two-hundred day moving average price is GBX 8,744.46. London Stock Exchange Group has a twelve month low of GBX 6,684 and a twelve month high of £102.90.

London Stock Exchange Group (LON:LSEG) last issued its quarterly earnings data on Thursday, July 30th. The company reported GBX 244.90 EPS for the quarter. London Stock Exchange Group had a return on equity of 7.35% and a net margin of 14.67%. As a group, equities analysts predict that London Stock Exchange Group will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group declared that its board has initiated a share repurchase program on Thursday, April 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

London Stock Exchange Group News Summary

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

• Positive Sentiment: Strong first-half results and upgraded guidance: LSEG reported a record first half, with revenue exceeding expectations, and raised its full-year outlook. Management also highlighted growing momentum in Pisces, its private-markets platform, while reporting quarterly earnings of 244.90 pence per share. LSEG lifts outlook after first-half revenue beats expectations
• Positive Sentiment: Analyst support remains strong: Royal Bank of Canada reaffirmed its “outperform” rating and set a £136 price target. Jefferies and Deutsche Bank also reiterated “buy” ratings, each with a £110 target. These targets are materially above recent trading levels and signal continued confidence in LSEG’s growth prospects. Broker ratings
• Neutral Sentiment: Constructive Elliott dialogue: LSEG said discussions with activist investor Elliott Management have been constructive. While this may reduce immediate governance concerns, the company’s decision to narrow parts of its revenue forecast leaves investors focused on execution and future growth. LSEG narrows revenue forecast and discusses Elliott dialogue
• Negative Sentiment: Buyback provides little immediate support: LSEG authorized a share-repurchase program, but the announcement specified a planned purchase of zero shares, limiting its near-term effect on earnings per share or investor demand. LSEG stock repurchase announcement

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.