Citigroup Issues Pessimistic Forecast for London Stock Exchange Group (LON:LSEG) Stock Price

London Stock Exchange Group (LON:LSEG) had its price objective lowered by Citigroup from £133 to £131 in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 58.21% from the company’s current price.

A number of other equities analysts have also recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a £115 price target on shares of London Stock Exchange Group in a research note on Monday, January 19th. UBS Group reaffirmed a “buy” rating and set a £105 price objective on shares of London Stock Exchange Group in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on London Stock Exchange Group from £115 to £119 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a £133 price target on shares of London Stock Exchange Group in a research report on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of £122.50.

London Stock Exchange Group Trading Down 3.5%

London Stock Exchange Group stock traded down GBX 298 during mid-day trading on Tuesday, hitting GBX 8,280. The company’s stock had a trading volume of 7,343,996 shares, compared to its average volume of 15,441,745. The business has a 50 day moving average price of GBX 8,794.61 and a 200-day moving average price of GBX 9,112.46. The company has a debt-to-equity ratio of 47.39, a current ratio of 1.00 and a quick ratio of 0.01. London Stock Exchange Group has a 12 month low of GBX 8,094 and a 12 month high of £121.85. The stock has a market cap of £42.13 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.72 and a beta of 0.41.

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

London Stock Exchange Group Company Profile

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.