Lloyds Banking Group (LON:LLOY) Given New GBX 62 Price Target at JPMorgan Chase & Co.

Lloyds Banking Group (LON:LLOY) had its target price lifted by JPMorgan Chase & Co. from GBX 55 ($0.70) to GBX 62 ($0.79) in a research note published on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an underweight rating on the financial services provider’s stock.

Separately, Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and an average price target of GBX 58 ($0.74).

Lloyds Banking Group Price Performance

Shares of Lloyds Banking Group stock opened at GBX 68.62 ($0.87) on Tuesday. The business has a 50-day moving average of GBX 59.15 and a 200 day moving average of GBX 57.77. Lloyds Banking Group has a 12 month low of GBX 45.49 ($0.58) and a 12 month high of GBX 69.23 ($0.88). The stock has a market capitalization of £41.61 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. Equities research analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Activity

In other Lloyds Banking Group news, insider William Chalmers bought 128,804 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of GBX 54 ($0.68) per share, with a total value of £69,554.16 ($88,154.83). Company insiders own 0.17% of the company’s stock.

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.