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

Lloyds Banking Group (LON:LLOY) had its price target upped by equities research analysts at Citigroup from GBX 84 to GBX 97 in a note issued to investors on Monday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s price objective indicates a potential downside of 0.21% from the stock’s current price.

LLOY has been the topic of a number of other reports. Shore Capital reaffirmed a “hold” rating and issued a GBX 84 price target on shares of Lloyds Banking Group in a research note on Wednesday, November 19th. Royal Bank Of Canada upped their target price on Lloyds Banking Group from GBX 100 to GBX 110 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research note on Friday, October 10th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 105 price target on shares of Lloyds Banking Group in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 98.50.

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 97.20 on Monday. The business’s 50-day moving average is GBX 87.79 and its 200-day moving average is GBX 82.04. The company has a market capitalization of £57.36 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a fifty-two week low of GBX 52.44 and a fifty-two week high of GBX 97.74.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities research analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.