J.P. Morgan Sticks to Their Buy Rating for London Stock Exchange (LSEG)

In a report released on March 31, Enrico Bolzoni from J.P. Morgan maintained a Buy rating on London Stock Exchange. The company’s shares closed yesterday at p8,864.00.

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According to TipRanks, Bolzoni is a 4-star analyst with an average return of 7.2% and a 56.18% success rate. Bolzoni covers the Financial sector, focusing on stocks such as London Stock Exchange, St. James’s Place, and Quilter.

Currently, the analyst consensus on London Stock Exchange is a Strong Buy with an average price target of p12,371.11, which is a 39.57% upside from current levels. In a report released on March 31, Jefferies also reiterated a Buy rating on the stock with a p11,000.00 price target.

Based on London Stock Exchange’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p4.66 billion and a net profit of p600 million. In comparison, last year the company earned a revenue of p4.47 billion and had a net profit of p339 million

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSEG in relation to earlier this year.