London Stock Exchange (LSEG) Gets a Buy from Goldman Sachs

Goldman Sachs analyst Oliver Carruthers maintained a Buy rating on London Stock Exchange today and set a price target of £130.70.

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According to TipRanks, Carruthers is a 4-star analyst with an average return of 5.1% and a 57.02% success rate. Carruthers covers the Financial sector, focusing on stocks such as London Stock Exchange, flatexDEGIRO AG, and CVC Capital Partners plc.

In a report released on April 15, UBS also assigned a Buy rating to the stock with a £115.00 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 8 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.