LSE Group: BarCap maintains 'overweight' rating
(CercleFinance.com) - Barclays Capital (BarCap) reiterates its "overweight" rating on the LSE Group with a target price of 50 pounds after the publication of total Q3 revenues that are up 8%, in line with the consensus.
"FTSE Russell continues to grow at double-digit and LCH net treasury income was up c.50% y/y on higher US rates," the broker said in its report on the stockmarket operator.
While the LSE Group stock has risen by 13% since the beginning of 2018, outperforming the FTSE 100 by around 20%, BarCap believes that "the premium to peers is justified due to superior business mix".
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"FTSE Russell continues to grow at double-digit and LCH net treasury income was up c.50% y/y on higher US rates," the broker said in its report on the stockmarket operator.
While the LSE Group stock has risen by 13% since the beginning of 2018, outperforming the FTSE 100 by around 20%, BarCap believes that "the premium to peers is justified due to superior business mix".
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.