Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 102

Lloyds Banking Group (LON:LLOY) had its price target increased by JPMorgan Chase & Co. from GBX 100 to GBX 102 in a report released on Tuesday, MarketBeat.com reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on the stock. Citigroup increased their target price on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the company a “neutral” rating in a research note on Monday. Shore Capital reiterated a “hold” rating and set a GBX 84 price target on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Royal Bank Of Canada increased their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research report on Friday, October 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 105 target price on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Lloyds Banking Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 98.50.

Lloyds Banking Group Price Performance

LON:LLOY opened at GBX 96.96 on Tuesday. The firm has a market capitalization of £57.01 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.84 and a beta of 1.23. The business has a 50 day simple moving average of GBX 88.37 and a 200-day simple moving average of GBX 82.24. Lloyds Banking Group has a 1 year low of GBX 52.44 and a 1 year high of GBX 97.74.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. As a group, analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lloyds Banking Group news, insider William Chalmers acquired 138,723 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of GBX 84 per share, with a total value of £116,527.32. Also, insider Charlie Nunn bought 217,494 shares of the company’s stock in a transaction on Friday, September 19th. The shares were acquired at an average price of GBX 84 per share, for a total transaction of £182,694.96. 0.16% of the stock is currently owned by corporate insiders.

About Lloyds Banking Group

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.