Lloyds Banking Group (LLOY) Given a GBX 85 Price Target by JPMorgan Chase & Co. Analysts

Lloyds Banking Group (LON:LLOY) has been given a GBX 85 ($1.11) price objective by research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 56.08% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group restated a “buy” rating and set a GBX 80 ($1.05) price objective on shares of Lloyds Banking Group in a report on Tuesday, October 23rd. Goldman Sachs Group set a GBX 56 ($0.73) price objective on shares of Lloyds Banking Group and gave the company a “sell” rating in a report on Tuesday, October 2nd. Deutsche Bank upped their price objective on shares of Lloyds Banking Group from GBX 74 ($0.97) to GBX 77 ($1.01) and gave the company a “buy” rating in a report on Friday, October 26th. BNP Paribas set a GBX 70 ($0.91) price objective on shares of Lloyds Banking Group and gave the company a “neutral” rating in a report on Thursday, September 20th. Finally, Shore Capital restated a “buy” rating on shares of Lloyds Banking Group in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 76.19 ($1.00).

Shares of Lloyds Banking Group stock opened at GBX 54.46 ($0.71) on Monday. Lloyds Banking Group has a one year low of GBX 61.81 ($0.81) and a one year high of GBX 73.58 ($0.96).

In related news, insider James Lupton acquired 200,000 shares of the stock in a transaction on Monday, December 17th. The shares were acquired at an average price of GBX 52 ($0.68) per share, for a total transaction of £104,000 ($135,894.42). Also, insider Simon Henry acquired 50,000 shares of the stock in a transaction on Monday, November 19th. The stock was bought at an average price of GBX 55 ($0.72) per share, for a total transaction of £27,500 ($35,933.62). In the last quarter, insiders purchased 250,210 shares of company stock worth $13,162,600.

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. The company 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, and unsecured consumer lending products to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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