Shares of London Stock Exchange Group plc (LON:LSEG – Get Rating) hit a new 52-week high during trading on Thursday after Royal Bank of Canada raised their price target on the stock from £103 to £105. Royal Bank of Canada currently has an outperform rating on the stock. London Stock Exchange Group traded as high as GBX 8,552 ($103.33) and last traded at GBX 8,522 ($102.97), with a volume of 115535 shares traded. The stock had previously closed at GBX 8,434 ($101.91).
Several other equities research analysts have also issued reports on LSEG. JPMorgan Chase & Co. increased their price objective on shares of London Stock Exchange Group from GBX 8,890 ($107.42) to GBX 9,500 ($114.79) and gave the stock an "overweight" rating in a research report on Monday, August 8th. Berenberg Bank reissued a "buy" rating and issued a £100 ($120.83) price objective on shares of London Stock Exchange Group in a research report on Monday, August 8th. Barclays reissued an "overweight" rating and issued a GBX 9,200 ($111.16) price objective on shares of London Stock Exchange Group in a research report on Monday, August 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of London Stock Exchange Group from GBX 7,500 ($90.62) to GBX 8,000 ($96.67) and gave the stock a "hold" rating in a research report on Tuesday. Finally, Morgan Stanley restated an "overweight" rating on shares of London Stock Exchange Group in a research note on Wednesday, May 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 9,364.29 ($113.15).
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London Stock Exchange Group Stock Up 1.5 %
The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 32.80. The stock has a market capitalization of £48.07 billion and a P/E ratio of 5,078.57. The stock's 50 day simple moving average is GBX 7,751.45 and its 200 day simple moving average is GBX 7,562.28.
London Stock Exchange Group Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 18th will be paid a dividend of GBX 31.70 ($0.38) per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 0.39%. London Stock Exchange Group's dividend payout ratio (DPR) is 45.65%.
London Stock Exchange Group Company Profile
(Get Rating)
London Stock Exchange Group plc engages in the market infrastructure business primarily in the United Kingdom, the United States, other European countries, Asia, and internationally. The company operates through three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-trading, and foreign exchange markets, including London Stock Exchange, AIM, Turquoise, CurveGlobal, FXall, and Tradeweb.
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