London Stock Exchange Group PLC
LSEG: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 2,756.00 | Hczqw | Rwwlrsdpj |
London Stock Exchange Reports Good Third-Quarter Results; Progress in Trading and Banking Continues
Wide-moat London Stock Exchange Group reported a good third-quarter trading statement. Headline numbers were strong with total income growing 14.8% to GBP 1,985 million versus the same period a year ago. Excluding the foreign exchange impact of the depreciating British Pound, which is a benefit to LSEG, the exchange group still posted a solid 5.9% growth at constant currencies. Guidance remained unchanged, and we maintain our GBX 9,800 fair value estimate.