The London Stock Exchange Group (LON:LSEG) released its quarterly earnings results on March 15, 2024, reporting earnings per share (EPS) of GBX 420.60. The company’s net margin stood at 7.93%, while its return on equity was 2.92%, according to data from Digital Look Earnings. This financial performance comes as LSEG navigates a competitive landscape amid a series of analyst upgrades and downgrades.
During trading hours on the same day, shares of LSEG rose by GBX 630, reaching a price of GBX 8,424. A total of 4,054,630 shares changed hands, significantly lower than the average volume of 24,783,229. The company’s financial ratios include a quick ratio of 0.01, a current ratio of 1.00, and a debt-to-equity ratio of 47.39. LSEG’s stock has fluctuated between a low of GBX 6,684 and a high of £119.15 over the past year. Its market capitalization currently stands at £42.60 billion, with a price-to-earnings ratio of 45.36 and a P/E/G ratio of 1.72.
Analyst Opinions and Market Reactions
Recent analyst commentary has influenced LSEG’s stock performance. On January 26, Deutsche Bank Aktiengesellschaft reduced its target price for the company from £119 to £114, maintaining a “buy” rating. In contrast, JPMorgan Chase & Co. increased their price objective from £131 to £132, assigning an “overweight” rating in a report dated January 29.
Additionally, Jefferies Financial Group reiterated a “buy” rating with a target price of £115 on January 19. Meanwhile, Citigroup adjusted its target from £133 to £131, also maintaining a “buy” rating as of January 27. According to data from MarketBeat.com, seven equities research analysts currently rate LSEG as a “buy,” with a consensus price target of £121.50.
About London Stock Exchange Group
The London Stock Exchange Group is a prominent global financial markets infrastructure and data provider. Headquartered in London, LSEG operates interconnected businesses that serve customers throughout the financial markets value chain. With expertise spanning data, indices, analytics, capital formation, trade execution, clearing, and risk management, the company plays a crucial role in supporting the sustainable growth of its clients and their communities.
LSEG’s operations are divided into five divisions: Data and Analytics, FTSE Russell, Risk Intelligence, Capital Markets, and Post Trade. Together, they provide comprehensive access to global financial markets throughout the trading lifecycle. The company maintains a significant presence across Europe, the Americas, Asia Pacific, and emerging markets, positioning it at the heart of the world’s financial ecosystem.
As the financial landscape continues to evolve, LSEG remains focused on delivering innovative solutions to meet the needs of its diverse clientele.