LSE: Berenberg cuts price target, maintains 'buy'
(CercleFinance.com) - Berenberg cuts its target price for the shares of London Stock Exchange Group from 5,380 pence to 5,260 pence, although maintains its "buy" rating.
"LSE is well placed to exploit two of the most robust structural trends in the finance industry: increased clearing of derivatives and greater use of quantitative investment techniques," Berenberg writes.
"We expect that this exposure will help LSE to deliver a rapidly growing, but fairly stable, earnings stream over the next three years," it adds.
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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.
"LSE is well placed to exploit two of the most robust structural trends in the finance industry: increased clearing of derivatives and greater use of quantitative investment techniques," Berenberg writes.
"We expect that this exposure will help LSE to deliver a rapidly growing, but fairly stable, earnings stream over the next three years," it adds.
Copyright (c) 2019 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.