Berenberg Bank Reaffirms “Buy” Rating for London Stock Exchange Group (LON:LSEG)

Berenberg Bank reissued their buy rating on shares of London Stock Exchange Group (LON:LSEG) in a research report released on Thursday morning, Marketbeat reports. The firm currently has a £110 ($135.87) price objective on the stock.

Separately, Citigroup reaffirmed a top pick rating on shares of London Stock Exchange Group in a report on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of £101.64 ($125.54).

London Stock Exchange Group Stock Up 0.5 %

LSEG stock opened at GBX 8,934 ($110.35) on Thursday. The stock has a market cap of £47.85 billion, a P/E ratio of 6,473.91, a PEG ratio of 3.03 and a beta of 0.33. London Stock Exchange Group has a twelve month low of GBX 7,784 ($96.15) and a twelve month high of GBX 9,696 ($119.76). The company’s 50 day moving average is GBX 9,208.56 and its two-hundred day moving average is GBX 8,960.83. The company has a current ratio of 1.00, a quick ratio of 0.01 and a debt-to-equity ratio of 37.70.

London Stock Exchange Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 18th will be given a GBX 79.30 ($0.98) dividend. This is a boost from London Stock Exchange Group’s previous dividend of $35.70. The ex-dividend date is Thursday, April 18th. This represents a yield of 0.89%. London Stock Exchange Group’s dividend payout ratio is presently 8,333.33%.

Insider Buying and Selling at London Stock Exchange Group

In other news, insider David Schwimmer sold 11,999 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 9,644 ($119.12), for a total transaction of £1,157,183.56 ($1,429,327.52). In other news, insider Cressida Hogg acquired 533 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of GBX 9,410 ($116.23) per share, with a total value of £50,155.30 ($61,950.72). Also, insider David Schwimmer sold 11,999 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 9,644 ($119.12), for a total value of £1,157,183.56 ($1,429,327.52). 10.32% of the stock is owned by corporate insiders.

About London Stock Exchange Group

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.