Shares in London Stock Exchange Group PLC (LSE:LSEG) climbed another 4% early on Friday to 9,708p, adding to a strong week that has seen the stock rise nearly 14% after its latest quarterly update reassured investors about trading momentum and outlook.
Thursday’s third-quarter results lifted sentiment toward the data and market infrastructure group.
RBC Capital in a note on Friday, raised its earnings per share forecasts by up to 5% through 2027 and lifted its price target to 13,400p, maintaining an Outperform rating.
The Canadian bank said the group’s surprise £1 billion share buyback and the acquisition of a revenue share from SwapClear’s founding members would support stronger capital deployment and profitability.
RBC’s analysts highlighted 6.4% quarterly income growth, ahead of expectations, and a stable pricing environment across LSEG’s data and analytics division.
They also said management’s confident tone had helped calm concerns about the potential impact of artificial intelligence on its information services business.
The stock has rebounded sharply from recent lows, as investors grow more comfortable with LSEG’s cash generation, cost discipline and strategic partnership with Microsoft.
The company now trades on a 2026 price-to-earnings multiple of around 20 times, still at a discount to global peers.