JPMorgan Chase & Co. Increases Lloyds Banking Group (LON:LLOY) Price Target to GBX 62

Lloyds Banking Group (LON:LLOY - Free Report) had its target price raised by JPMorgan Chase & Co. from GBX 55 ($0.69) to GBX 62 ($0.78) in a research report report published on Tuesday, MarketBeat.com reports. The firm currently has an underweight rating on the financial services provider's stock.

Separately, Shore Capital reissued a "hold" rating on shares of Lloyds Banking Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of GBX 58 ($0.73).

Lloyds Banking Group Price Performance

LON:LLOY traded up GBX 1.26 ($0.02) during trading hours on Tuesday, reaching GBX 72.98 ($0.92). 389,330,781 shares of the company traded hands, compared to its average volume of 168,939,719. The firm's 50-day moving average is GBX 60.23 and its 200-day moving average is GBX 58.10. The stock has a market cap of £44.25 billion, a P/E ratio of 9.23, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1-year low of GBX 46.54 ($0.59) and a 1-year high of GBX 72.98 ($0.92).

Remove Ads

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) 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, research analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Buying and Selling

In other news, insider William Chalmers bought 128,804 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,467.51). Corporate insiders own 0.17% of the company's stock.

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.