Kepler Capital Sticks to Their Buy Rating for London Stock Exchange (LSEG)

In a report released on April 22, Tobias Lukesch from Kepler Capital maintained a Buy rating on London Stock Exchange, with a price target of p13,500.00. The company’s shares closed yesterday at p9,748.00.

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According to TipRanks, Lukesch is a 5-star analyst with an average return of 18.8% and a 66.67% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for London Stock Exchange with a p12,587.00 average price target, a 29.12% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a £110.00 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.