JPMorgan Chase & Co. Issues Positive Forecast for Lloyds Banking Group (LON:LLOY) Stock Price

Lloyds Banking Group (LON:LLOY) had its price target raised by JPMorgan Chase & Co. from GBX 55 ($0.69) to GBX 62 ($0.78) in a report published on Tuesday, MarketBeat Ratings 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 research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group currently has a consensus rating of “Hold” and a consensus target price of GBX 58 ($0.73).

Lloyds Banking Group Price Performance

Shares of LLOY opened at GBX 71.72 ($0.90) on Tuesday. The stock has a market capitalization of £43.49 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. The business’s 50 day simple moving average is GBX 59.85 and its 200-day simple moving average is GBX 57.99. Lloyds Banking Group has a 1 year low of GBX 46.22 ($0.58) and a 1 year high of GBX 72 ($0.91).

Lloyds Banking Group (LON:LLOY) last posted its quarterly earnings data 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%. On average, sell-side analysts expect that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers purchased 128,804 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of GBX 54 ($0.68) per share, for a total transaction of £69,554.16 ($87,665.94). 0.17% of the stock is currently owned by company insiders.

Lloyds Banking Group Company Profile

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.