Proactive Investors - The London Stock Exchange Group PLC (LON:LSEG) received a mixed reaction from City analysts following its first-quarter results.
The capital markets and data analytics big cap’s revenues were mostly in-line with consensus, though the key Data & Analytics business grew less than expected.
Barclays (LON:BARC) reacted positively to the results, maintaining an overweight rating with a price target of 10,200p, though analysts made a small 3% adjustment to their earnings per share forecasts.
Deutsche Bank (ETR:DBKGn) provided a more cautious outlook.
Analyst Benjamin Goy noted that while the 6.4% year-over-year growth in LSEG's first-quarter results aligned with expectations, the revenue mix raised some concerns with data revenues “missing across the board”.
“Admittedly, the misses were small and more importantly LSEG management was confident on sales cycles in its data offerings, not seeing the negative trends reported by peers,” said Goy.
Deutsche Bank’s 2025 earnings forecasts were adjusted slightly higher, though the stock remains a hold with a price target range between 8,400p and 8,600p.
LSEG shares were swapping for 8,894p in Friday afternoon trades.