Brokerages Set Lloyds Banking Group plc (LON:LLOY) Target Price at GBX 114.20

Lloyds Banking Group plc (LON:LLOY) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 114.40.

Several brokerages recently commented on LLOY. Royal Bank Of Canada upped their target price on Lloyds Banking Group from GBX 120 to GBX 124 and gave the company an “outperform” rating in a research report on Friday, July 31st. Jefferies Financial Group boosted their price target on Lloyds Banking Group from GBX 125 to GBX 127 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 125 price target on shares of Lloyds Banking Group in a report on Friday, July 31st. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 price objective on shares of Lloyds Banking Group in a research report on Wednesday, June 24th.

Lloyds Banking Group Stock Up 0.1%

Shares of LON LLOY opened at GBX 112.70 on Monday. The company has a market capitalization of £65.23 billion, a PE ratio of 14.09, a P/E/G ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a twelve month low of GBX 79.52 and a twelve month high of GBX 117.90. The firm has a fifty day simple moving average of GBX 112.88 and a 200 day simple moving average of GBX 104.14.

Lloyds Banking Group (LON:LLOY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. As a group, equities analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total value of £9,458,555.68. 0.15% 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.