Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 97

Lloyds Banking Group (LON:LLOY) had its price target upped by Citigroup from GBX 84 to GBX 97 in a research report report published on Monday, Marketbeat.com reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on LLOY. Shore Capital reaffirmed a “hold” rating and issued a GBX 84 price objective on shares of Lloyds Banking Group in a research note on Wednesday, November 19th. Royal Bank Of Canada boosted their price target on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a “neutral” rating in a research note on Tuesday, September 9th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 105 price objective on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a GBX 93 target price on shares of Lloyds Banking Group in a report on Friday, October 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 98.50.

Lloyds Banking Group Price Performance

LLOY opened at GBX 95.92 on Monday. The company has a 50 day simple moving average of GBX 88.06 and a two-hundred day simple moving average of GBX 82.14. The firm has a market cap of £56.60 billion, a P/E ratio of 16.83, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1-year low of GBX 52.44 and a 1-year high of GBX 97.74.

Lloyds Banking Group (LON:LLOY) last released its earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 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 anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Activity at Lloyds Banking Group

In other news, insider Charlie Nunn bought 217,494 shares of the stock in a transaction on Friday, September 19th. The stock was acquired at an average cost of GBX 84 per share, for a total transaction of £182,694.96. Also, insider William Chalmers acquired 138,723 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was acquired at an average cost of GBX 84 per share, with a total value of £116,527.32. 0.16% of the stock is owned by corporate insiders.

Lloyds Banking Group Company Profile

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.