Lloyds Banking Group (LON:LLOY) Sets New 12-Month High – Here’s What Happened

Lloyds Banking Group plc (LON:LLOY) reached a new 52-week high on Thursday . The company traded as high as GBX 191.04 and last traded at GBX 109.95, with a volume of 688445125 shares traded. The stock had previously closed at GBX 107.75.

Analysts Set New Price Targets

Several analysts recently issued reports on LLOY shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 125 target price on shares of Lloyds Banking Group in a research note on Wednesday, April 29th. Citigroup upped their price target on Lloyds Banking Group from GBX 114 to GBX 123 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 120 price objective on shares of Lloyds Banking Group in a report on Thursday, April 30th. Berenberg Bank reissued a “hold” rating and issued a GBX 117 target price on shares of Lloyds Banking Group in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lloyds Banking Group from GBX 171 to GBX 121 and set a “neutral” rating for the company in a research report on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 113.80.

Lloyds Banking Group Stock Down 0.7%

The stock has a market capitalization of £63.68 billion, a P/E ratio of 14.38, a PEG ratio of 1.84 and a beta of 0.92. The company has a fifty day moving average price of GBX 100.61 and a 200-day moving average price of GBX 99.98.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported GBX 2.40 EPS for the quarter. Lloyds Banking Group had a return on equity of 10.75% and a net margin of 25.91%.The company had revenue of GBX 478.50 billion during the quarter. As a group, research analysts expect that Lloyds Banking Group plc will post 7.3199528 earnings per share for the current fiscal year.

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.