Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 106 at Citigroup

Lloyds Banking Group (LON:LLOY) had its target price increased by Citigroup from GBX 98 to GBX 106 in a report released on Monday morning, Marketbeat.com reports. Citigroup currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the stock. UBS Group reissued a “neutral” rating and set a GBX 103 target price on shares of Lloyds Banking Group in a report on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 105 price target on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Royal Bank Of Canada boosted their price objective on Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their target price on Lloyds Banking Group from GBX 102 to GBX 117 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, Barclays lifted their price target on Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and an average target price of GBX 106.11.

Lloyds Banking Group Stock Up 4.2%

Lloyds Banking Group stock opened at GBX 111.45 on Monday. The stock has a 50-day moving average price of GBX 98.90 and a 200 day moving average price of GBX 89.14. The company has a market capitalization of £65.49 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 52 week low of GBX 60.30 and a 52 week high of GBX 111.45.

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Research analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

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.