Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 62

Lloyds Banking Group (LON:LLOY) had its price target increased by JPMorgan Chase & Co. from GBX 55 ($0.69) to GBX 62 ($0.78) in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has an underweight rating on the financial services provider’s stock.

Separately, Shore Capital restated a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 58 ($0.73).

Lloyds Banking Group Stock Down 0.1 %

Shares of LLOY opened at GBX 71.72 ($0.90) on Tuesday. Lloyds Banking Group has a twelve month low of GBX 46.22 ($0.58) and a twelve month high of GBX 72 ($0.91). The firm has a fifty day simple moving average of GBX 59.85 and a two-hundred day simple moving average of GBX 57.99. The stock has a market capitalization of £43.49 billion, a P/E ratio of 9.07, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last posted its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Sell-side analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In related news, insider William Chalmers acquired 128,804 shares of Lloyds Banking Group stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,665.94). Company insiders own 0.17% of the company’s stock.

Lloyds Banking Group Company Profile

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.