Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 123

Lloyds Banking Group (LON:LLOY) had its price objective upped by JPMorgan Chase & Co. from GBX 121 to GBX 123 in a report issued on Tuesday morning,Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their price objective on shares of Lloyds Banking Group from GBX 125 to GBX 127 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 124 target price on shares of Lloyds Banking Group in a research note on Friday, September 11th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 target price on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 125 price target on shares of Lloyds Banking Group in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 114.60.

Lloyds Banking Group Stock Up 0.9%

Shares of LON LLOY opened at GBX 112.20 on Tuesday. The stock’s 50 day moving average price is GBX 112.58 and its two-hundred day moving average price is GBX 104.62. Lloyds Banking Group has a 52-week low of GBX 81.04 and a 52-week high of GBX 117.90. The stock has a market capitalization of £64.94 billion, a P/E ratio of 14.03, a PEG ratio of 1.84 and a beta of 0.91.

Lloyds Banking Group (LON:LLOY) last released its earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of Lloyds Banking Group stock in a transaction on Thursday, August 27th. The stock was sold at an average price of GBX 112, for a total transaction 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.