London Stock Exchange Group plc (LON:LSEG – Get Free Report)’s stock price traded down 0.2% on Friday . The company traded as low as GBX 8,136 and last traded at GBX 8,246. Approximately 2,650,785 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 18,158,898 shares. The stock had previously closed at GBX 8,262.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of London Stock Exchange Group from £129 to £127 and set a “buy” rating on the stock in a report on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a £136 price objective on shares of London Stock Exchange Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a £110 price target on shares of London Stock Exchange Group in a research report on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, London Stock Exchange Group presently has an average rating of “Buy” and a consensus price target of £120.83.
Read Our Latest Research Report on LSEG
London Stock Exchange Group Stock Performance
London Stock Exchange Group (LON:LSEG – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported GBX 244.90 earnings per share for the quarter. London Stock Exchange Group had a net margin of 14.67% and a return on equity of 7.35%. As a group, equities research analysts expect that London Stock Exchange Group plc will post 405.5009823 earnings per share for the current fiscal year.
London Stock Exchange Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, July 30th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication 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.
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