Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 54

Lloyds Banking Group (LON:LLOY) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from GBX 50 ($0.63) to GBX 54 ($0.68) in a research report issued on Wednesday, Digital Look reports. The firm currently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 3.36% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Shore Capital reissued a “buy” rating on shares of Lloyds Banking Group in a research report on Wednesday, April 24th. Peel Hunt initiated coverage on shares of Lloyds Banking Group in a research report on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.70) price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of GBX 56.83 ($0.72).

Lloyds Banking Group Trading Up 1.7 %

LLOY traded up GBX 0.94 ($0.01) during trading hours on Wednesday, hitting GBX 55.88 ($0.71). 116,976,875 shares of the company’s stock were exchanged, compared to its average volume of 158,526,609. 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 firm has a 50 day moving average of GBX 54.50 and a 200 day moving average of GBX 49.73. The firm has a market cap of £35.21 billion, a P/E ratio of 799.74, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23.

Lloyds Banking Group Company Profile

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.