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

Royal Bank Of Canada restated their outperform rating on shares of London Stock Exchange Group (LON:LSEG) in a report released on Friday morning, Marketbeat.com reports. They currently have a £136 target price on the stock.

LSEG has been the subject of several other research reports. Jefferies Financial Group reiterated a “buy” rating and issued a £110 target price on shares of London Stock Exchange Group in a research note on Friday. Citigroup lowered shares of London Stock Exchange Group to a “buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. boosted 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a £110 price objective on shares of London Stock Exchange Group in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of £121.50.

London Stock Exchange Group Stock Down 2.4%

LSEG stock opened at GBX 8,398 on Friday. The firm has a market capitalization of £40.89 billion, a PE ratio of 35.43, a P/E/G 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. London Stock Exchange Group has a twelve month low of GBX 6,684 and a twelve month high of £102.90. The stock’s 50 day moving average is GBX 8,802.20 and its 200-day moving average is GBX 8,744.46.

London Stock Exchange Group (LON:LSEG) last announced its quarterly earnings results on Thursday, July 30th. The company reported GBX 244.90 earnings per share (EPS) for the quarter. London Stock Exchange Group had a return on equity of 7.35% and a net margin of 14.67%. Sell-side analysts expect that London Stock Exchange Group will post 405.5009823 EPS for the current fiscal year.

London Stock Exchange Group declared that its board has authorized a stock buyback program on Thursday, April 9th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Key Headlines Impacting London Stock Exchange Group

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.