London Stock Exchange Group plc (LON:LSEG – Get Rating)'s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 9,254.48 ($111.82) and last traded at GBX 7,910 ($95.58), with a volume of 488428 shares trading hands. The stock had previously closed at GBX 7,928 ($95.80).
Analyst Ratings Changes
A number of brokerages have issued reports on LSEG. Barclays reiterated an "overweight" rating and set a GBX 9,200 ($111.16) price objective on shares of London Stock Exchange Group in a research note on Monday, August 8th. Morgan Stanley reaffirmed an "overweight" rating on shares of London Stock Exchange Group in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on 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 report on Tuesday, August 16th. Berenberg Bank reaffirmed a "buy" rating and issued a £100 ($120.83) price objective on shares of London Stock Exchange Group in a report on Monday, August 8th. Finally, Royal Bank of Canada lifted their price objective on London Stock Exchange Group from £103 ($124.46) to £105 ($126.87) and gave the stock an "outperform" rating in a report on Thursday, August 18th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, London Stock Exchange Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 9,364.29 ($113.15).
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London Stock Exchange Group Stock Up 1.0 %
The company has a 50 day simple moving average of GBX 7,996.98 and a two-hundred day simple moving average of GBX 7,646.59. The company has a quick ratio of 0.01, a current ratio of 1.00 and a debt-to-equity ratio of 29.85. The company has a market capitalization of £40.56 billion and a P/E ratio of 4,765.48.
London Stock Exchange Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Tuesday, September 20th. Stockholders 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 dividend yield of 0.39%. London Stock Exchange Group's dividend payout ratio is 6,071.43%.
London Stock Exchange Group Company Profile
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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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