Lloyds Banking Group (LON:LLOY) Given New GBX 120 Price Target at Barclays

Lloyds Banking Group (LON:LLOY) had its price target hoisted by analysts at Barclays from GBX 100 to GBX 120 in a report released on Wednesday,Digital Look reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target suggests a potential upside of 20.31% from the company’s current price.

Several other analysts also recently issued reports on the company. Keefe, Bruyette & Woods reissued an “outperform” rating and set a GBX 93 target price on shares of Lloyds Banking Group in a research note on Friday, October 10th. Royal Bank Of Canada lifted their price objective on shares of Lloyds Banking Group from GBX 100 to GBX 110 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Shore Capital restated a “hold” rating and set a GBX 84 target price on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. JPMorgan Chase & Co. boosted their price target on shares of Lloyds Banking Group from GBX 100 to GBX 102 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 105 price objective on shares of Lloyds Banking Group in a research report on Tuesday, October 28th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lloyds Banking Group presently has an average rating of “Moderate Buy” and an average price target of GBX 101.57.

Lloyds Banking Group Trading Up 0.8%

LON LLOY traded up GBX 0.84 on Wednesday, hitting GBX 99.74. 148,975,438 shares of the company traded hands, compared to its average volume of 104,269,914. The business’s 50 day moving average price is GBX 94.25 and its 200-day moving average price is GBX 85.62. Lloyds Banking Group has a 52-week low of GBX 52.44 and a 52-week high of GBX 101.75. The company has a market capitalization of £58.61 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY) last released its earnings results on Thursday, December 11th. The financial services provider reported GBX 6.30 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. As a group, sell-side analysts predict that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

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.