Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 54 at JPMorgan Chase & Co.

Lloyds Banking Group (LON:LLOY) had its price target hoisted by JPMorgan Chase & Co. from GBX 50 ($0.63) to GBX 54 ($0.68) in a report issued on Wednesday, MarketBeat Ratings reports. They currently have an underweight rating on the financial services provider’s stock.

LLOY has been the topic of a number of other reports. Peel Hunt started coverage on Lloyds Banking Group in a report on Friday, April 19th. They issued a hold rating and a GBX 55 ($0.70) price target on the stock. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of GBX 56.83 ($0.72).

Lloyds Banking Group Trading Up 0.7 %

LON LLOY opened at GBX 56.28 ($0.71) on Wednesday. The stock’s 50 day moving average is GBX 54.50 and its 200 day moving average is GBX 49.73. Lloyds Banking Group has a 12 month low of GBX 39.42 ($0.50) and a 12 month high of GBX 57.39 ($0.73). The stock has a market cap of £35.46 billion, a PE ratio of 798.29, a P/E/G ratio of 1.89 and a beta of 1.23.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.