London Stock Exchange Group plc (LON:LSEG – Get Free Report) has received an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is £122.
Several research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a report on Friday, April 24th. Royal Bank Of Canada restated an “outperform” rating and issued a £135 price objective on shares of London Stock Exchange Group in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. upped their price objective 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.
Get Our Latest Stock Report on London Stock Exchange Group
London Stock Exchange Group Stock Up 1.8%
London Stock Exchange Group declared that its Board of Directors has initiated a stock buyback program on Thursday, April 9th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.
Insider Activity
In related news, insider David Schwimmer sold 8,863 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 8,732, for a total value of £773,917.16. 0.33% of the stock is currently owned by insiders.
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.
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