Citigroup Increases Lloyds Banking Group (LON:LLOY) Price Target to GBX 71

Lloyds Banking Group (LON:LLOY) had its price target hoisted by equities researchers at Citigroup from GBX 61 ($0.79) to GBX 71 ($0.92) in a research note issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target indicates a potential upside of 0.11% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 60.60 ($0.78).

Lloyds Banking Group Stock Performance

Shares of LON LLOY opened at GBX 70.92 ($0.92) on Thursday. Lloyds Banking Group has a 52 week low of GBX 48.26 ($0.62) and a 52 week high of GBX 74.46 ($0.96). The stock has a market capitalization of £43.00 billion, a P/E ratio of 8.97, a PEG ratio of 1.84 and a beta of 1.23. The stock’s fifty day moving average is GBX 62.02 and its 200 day moving average is GBX 58.62.

Lloyds Banking Group (LON:LLOY) last issued its quarterly 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 forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Activity

In related news, insider William Chalmers purchased 128,804 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of GBX 54 ($0.70) per share, for a total transaction of £69,554.16 ($89,898.10). Corporate insiders own 0.17% of the company’s stock.

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.