More than two months after the Deutsche Boerse/LSEG merger announcement which was immediately followed by ICE’s formal interest in the latter, the share price of the UK stock exchange is 7% lower than its highest levels (around 2900p). Our target price is still pointing at 3160p with an add recommendation and, more importantly, based on our SOTP valuation, better reflecting the speculative environment, our target price is at 3500p. This takes into account a probable counter-bid by anoth
04 May 2016
Where are we now? Still bullish on the stock
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Where are we now? Still bullish on the stock
London Stock Exchange Group plc (LSEG:LON) | 9,665 0 0.0% | Mkt Cap: 51,766m
- Published:
04 May 2016 -
Author:
Farhad Moshiri -
Pages:
3
More than two months after the Deutsche Boerse/LSEG merger announcement which was immediately followed by ICE’s formal interest in the latter, the share price of the UK stock exchange is 7% lower than its highest levels (around 2900p). Our target price is still pointing at 3160p with an add recommendation and, more importantly, based on our SOTP valuation, better reflecting the speculative environment, our target price is at 3500p. This takes into account a probable counter-bid by anoth