London Stock Exchange Group plc (OTCMKTS:LNSTY) shares shot up 1% on Thursday . The stock traded as high as $23.03 and last traded at $23.02. 598,734 shares traded hands during trading, an increase of 128% from the average session volume of 263,000 shares. The stock had previously closed at $22.80.
Several brokerages have recently weighed in on LNSTY. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of London Stock Exchange Group in a research report on Monday, August 9th. Morgan Stanley reissued an “overweight” rating on shares of London Stock Exchange Group in a report on Tuesday, October 26th. Royal Bank of Canada reissued an “outperform” rating on shares of London Stock Exchange Group in a report on Wednesday, August 11th. The Goldman Sachs Group started coverage on London Stock Exchange Group in a report on Thursday, November 4th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods raised London Stock Exchange Group to an “outperform” rating in a report on Tuesday, October 12th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.
The company has a 50 day simple moving average of $25.49 and a 200-day simple moving average of $26.75.
London Stock Exchange Group Plc engages in the provision of global financial markets infrastructure services. It operates through the following segments: Information Services, Post Trade Services-LCH, Post Trade Services-CC&G and Monte Titoli, Capital Markets, Technology Services, and Other. The Information Services segment refers to subscription and license fees for data and index services provided.
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