Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 71 at JPMorgan Chase & Co.

Lloyds Banking Group (LON:LLOY) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 62 ($0.80) to GBX 71 ($0.92) in a report issued on Tuesday,Digital Look reports. The firm presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 3.16% from the stock’s current price.

A number of other analysts have also issued reports on LLOY. Citigroup increased their price target on shares of Lloyds Banking Group from GBX 61 ($0.79) to GBX 71 ($0.92) and gave the stock a “buy” rating in a research report on Thursday, March 6th. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 62.40 ($0.81).

Lloyds Banking Group Stock Up 1.3 %

Shares of LLOY traded up GBX 0.96 ($0.01) during mid-day trading on Tuesday, reaching GBX 73.32 ($0.95). The company’s stock had a trading volume of 2,147,000,000 shares, compared to its average volume of 208,044,625. The company has a market cap of £44.46 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business has a fifty day moving average of GBX 65.42 and a 200 day moving average of GBX 59.47. Lloyds Banking Group has a 1 year low of GBX 49.42 ($0.64) and a 1 year high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last posted 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%. On average, analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers sold 11,338 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 70 ($0.90), for a total transaction of £7,936.60 ($10,255.33). 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.