Lloyds Banking Group (LON:LLOY) Sets New 12-Month High After Analyst Upgrade

Lloyds Banking Group plc (LON:LLOY)’s stock price reached a new 52-week high on Tuesday after Citigroup raised their price target on the stock from GBX 98 to GBX 106. Citigroup currently has a neutral rating on the stock. Lloyds Banking Group traded as high as GBX 111.45 and last traded at GBX 111.45, with a volume of 274020469 shares trading hands. The stock had previously closed at GBX 106.93.

LLOY has been the topic of a number of other research reports. Shore Capital cut Lloyds Banking Group to a “sell” rating and lifted their price objective for the company from GBX 84 to GBX 91 in a research note on Monday. Barclays raised their target price on shares of Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an “overweight” rating in a report on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and issued a GBX 103 price target on shares of Lloyds Banking Group in a research note on Friday, January 23rd. Royal Bank Of Canada increased their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Lloyds Banking Group from GBX 102 to GBX 117 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lloyds Banking Group presently has a consensus rating of “Hold” and a consensus price target of GBX 106.11.

Lloyds Banking Group Stock Up 4.2%

The stock has a market capitalization of £65.49 billion, a PE ratio of 19.55, a PEG ratio of 1.84 and a beta of 1.23. The business’s 50-day moving average is GBX 98.90 and its two-hundred day moving average is GBX 89.14.

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