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Goldman Sachs Sticks to Its Buy Rating for London Stock Exchange (LSEG)

Tipranks - Tue Jun 16, 1:00AM CDT

Goldman Sachs analyst Oliver Carruthers maintained a Buy rating on London Stock Exchange today and set a price target of £132.20.

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Carruthers covers the Financial sector, focusing on stocks such as London Stock Exchange, flatexDEGIRO AG, and Man Group plc. According to TipRanks, Carruthers has an average return of 5.4% and a 58.54% success rate on recommended stocks.

London Stock Exchange has an analyst consensus of Strong Buy, with a price target consensus of p12,658.75.

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.

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