Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 97 at Citigroup

Lloyds Banking Group (LON:LLOY) had its price objective raised by Citigroup from GBX 84 to GBX 97 in a research note released on Monday morning,Digital Look reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 105 price objective on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research report on Friday, October 10th. Royal Bank Of Canada lifted their price target on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Shore Capital reaffirmed a “hold” rating and set a GBX 84 price target on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a “neutral” rating in a report on Tuesday, September 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 97.83.

Lloyds Banking Group Stock Up 2.2%

Shares of LON LLOY traded up GBX 2.10 during mid-day trading on Monday, reaching GBX 97.60. 459,762,563 shares of the company were exchanged, compared to its average volume of 155,078,109. The stock has a market cap of £57.59 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1 year low of GBX 52.44 and a 1 year high of GBX 97.62. The firm has a 50-day moving average of GBX 87.49 and a 200 day moving average of GBX 81.88.

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

Insider Activity at Lloyds Banking Group

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

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.