Lloyds Banking Group plc (LON:LLOY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from GBX 55 to GBX 62. JPMorgan Chase & Co. currently has an underweight rating on the stock. Lloyds Banking Group traded as high as GBX 69.23 ($0.87) and last traded at GBX 68.62 ($0.86), with a volume of 222825781 shares traded. The stock had previously closed at GBX 67.32 ($0.85).
Separately, Shore Capital restated a "hold" rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Lloyds Banking Group currently has a consensus rating of "Hold" and an average target price of GBX 58 ($0.73).
View Our Latest Stock Report on LLOY
Insider Transactions at Lloyds Banking Group
In related news, insider William Chalmers bought 128,804 shares of the business's stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($87,467.51). Insiders own 0.17% of the company's stock.
Lloyds Banking Group Price Performance
The company has a market capitalization of £44.25 billion, a PE ratio of 9.23, a PEG ratio of 1.84 and a beta of 1.23. The firm has a 50-day moving average of GBX 60.23 and a 200 day moving average of GBX 58.10.
Lloyds Banking Group (LON:LLOY - Get Free Report) last announced its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) 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%. Equities analysts expect that Lloyds Banking Group plc will post 7.3199528 EPS for the current year.
About Lloyds Banking Group
(
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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.
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