Lloyds Banking Group (LON:LLOY) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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

Separately, Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Lloyds Banking Group currently has an average rating of “Hold” and an average target price of GBX 58 ($0.74).

Lloyds Banking Group Trading Up 1.9 %

LON:LLOY opened at GBX 68.62 ($0.87) on Tuesday. The firm has a market cap of £41.61 billion, a P/E ratio of 8.68, a PEG ratio of 1.84 and a beta of 1.23. The stock’s 50 day simple moving average is GBX 59.15 and its 200-day simple moving average is 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).

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

Insider Activity at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers purchased 128,804 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($88,154.83). Company 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.