Lloyds Banking Group (LON:LLOY) has been given a GBX 72 ($0.94) target price by stock analysts at JPMorgan Chase & Co. in a research report issued on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 19.19% from the stock’s previous close.
A number of other research firms have also weighed in on LLOY. Societe Generale reiterated a “buy” rating on shares of Lloyds Banking Group in a research report on Tuesday, September 10th. Deutsche Bank restated a “hold” rating and set a GBX 53 ($0.69) price objective on shares of Lloyds Banking Group in a research report on Thursday, October 17th. Royal Bank of Canada set a GBX 63 ($0.82) price objective on Lloyds Banking Group and gave the stock a “buy” rating in a research report on Monday, October 14th. Barclays restated an “overweight” rating on shares of Lloyds Banking Group in a research report on Monday, October 14th. Finally, HSBC decreased their price objective on Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a “hold” rating for the company in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 63.53 ($0.83).
LON:LLOY opened at GBX 60.41 ($0.79) on Monday. Lloyds Banking Group has a 1-year low of GBX 48.16 ($0.63) and a 1-year high of GBX 66.79 ($0.87). The firm has a market capitalization of $42.30 billion and a price-to-earnings ratio of 11.40. The stock has a fifty day simple moving average of GBX 54.40 and a 200 day simple moving average of GBX 57.10.
In other news, insider Antonio Horta-Osorio sold 182,112 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of GBX 55 ($0.72), for a total transaction of £100,161.60 ($130,878.87). Also, insider Amanda Mackenzie OBE purchased 63,567 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of GBX 50 ($0.65) per share, with a total value of £31,783.50 ($41,530.77). Insiders have sold a total of 660,775 shares of company stock valued at $35,385,299 over the last 90 days.
Lloyds Banking Group Company Profile
Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.
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