LSE: Credit Suisse still rates 'Ouperform,' but cuts target

(CercleFinance.com) - Credit Suisse reaffirms its "Outperform" rating on the share of The London Stock Exchange (LSE), although has reduced its target price from 8,340 pence to 7,590 pence to reflect a 5%-10% reduction in its EPS forecasts to integrate the impact of disturbance created by Covid-19.


"LSE is the best performing stock in our coverage universe since 19 February, down 17% over that period," the broker says, although analysts believe that this is "justified".

While the LSE share is trading at 25.8x 2021 EPS, against 16.2x to 22.5x for its peers, Credit Suisse justifies this premium by the its operational resilience in the current environment and the overall structural attractions of the LSE-Refinitiv group.



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