Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 110

Lloyds Banking Group (LON:LLOY) had its target price increased by Royal Bank Of Canada from GBX 100 to GBX 110 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on LLOY. Shore Capital reaffirmed a “hold” rating on shares of Lloyds Banking Group in a research note on Thursday, October 23rd. Jefferies Financial Group upped their target price on shares of Lloyds Banking Group from GBX 103 to GBX 105 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a “neutral” rating in a research note on Tuesday, September 9th. Citigroup increased their price objective on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a GBX 93 price objective on shares of Lloyds Banking Group in a research note on Friday, October 10th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 92.83.

Lloyds Banking Group Trading Up 0.2%

Shares of LON LLOY opened at GBX 88.76 on Tuesday. The firm has a market cap of £52.51 billion, a PE ratio of 13.45, a PEG ratio of 1.84 and a beta of 1.23. Lloyds Banking Group has a 1-year low of GBX 52.44 and a 1-year high of GBX 89.14. The company has a fifty day moving average price of GBX 83.27 and a 200 day moving average price of GBX 78.80.

Lloyds Banking Group (LON:LLOY) last announced its earnings results on Thursday, October 23rd. The financial services provider reported GBX 1 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Equities research analysts forecast that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Transactions at Lloyds Banking Group

In other news, insider Chris Vogelzang bought 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average cost of GBX 84 per share, for a total transaction of £42,000. Also, insider Charlie Nunn bought 217,494 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average price of GBX 84 per share, with a total value of £182,694.96. Insiders acquired a total of 436,717 shares of company stock worth $36,562,228 in the last three months. Insiders own 0.16% 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.