JPMorgan Chase & Co. Issues Positive Forecast for Lloyds Banking Group (LON:LLOY) Stock Price

Lloyds Banking Group (LON:LLOY) had its price objective hoisted by JPMorgan Chase & Co. from GBX 100 to GBX 102 in a report issued on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on LLOY. Shore Capital reaffirmed a “hold” rating and set a GBX 84 price objective on shares of Lloyds Banking Group in a report on Wednesday, November 19th. Citigroup upped their target price on shares of Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a “neutral” rating in a research report on Monday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a GBX 93 price target on shares of Lloyds Banking Group in a report on Friday, October 10th. 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 note on Tuesday, October 28th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 105 price objective on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 98.50.

Lloyds Banking Group Stock Up 1.8%

Shares of Lloyds Banking Group stock opened at GBX 97.20 on Tuesday. The company has a market capitalization of £57.36 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 1.84 and a beta of 1.23. The stock’s 50-day simple moving average is GBX 87.79 and its 200-day simple moving average is GBX 82.04. Lloyds Banking Group has a 52 week low of GBX 52.44 and a 52 week 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%. On average, equities analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Buying and Selling at Lloyds Banking Group

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