JPMorgan Chase & Co. Increases Lloyds Banking Group PLC Price Target to GBX 84 (LLOY)
Investment analysts at JPMorgan Chase & Co. raised their price objective on shares of Lloyds Banking Group PLC (LON:LLOY) from GBX 77 ($1.23) to GBX 84 ($1.35) in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 13.16% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated a “sell” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Thursday. They now have a GBX 53.30 ($0.85) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Lloyds Banking Group PLC (LON:LLOY) in a research note to investors on Thursday. They now have a GBX 59 ($0.95) price target on the stock. Finally, analysts at Investec upgraded shares of Lloyds Banking Group PLC (LON:LLOY) from a “sell” rating to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 76 ($1.22) price target on the stock, up previously from GBX 65 ($1.04). Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 70.11 ($1.12).
Shares of Lloyds Banking Group PLC (LON:LLOY) traded down 1.03% during mid-day trading on Friday, hitting GBX 74.23. 81,141,336 shares of the company’s stock traded hands. Lloyds Banking Group PLC has a one year low of GBX 36.72 and a one year high of GBX 78.78. The stock has a 50-day moving average of GBX 74.94 and a 200-day moving average of GBX 62.0. The company’s market cap is £53.465 billion.
Lloyds Banking Group plc, is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.
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