Lloyds Banking Group (LON:LLOY) Given New GBX 117 Price Target at JPMorgan Chase & Co.

Lloyds Banking Group (LON:LLOY) had its price target raised by analysts at JPMorgan Chase & Co. from GBX 102 to GBX 117 in a report released on Tuesday,Digital Look reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.93% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Barclays upped their price objective on Lloyds Banking Group from GBX 100 to GBX 120 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Citigroup increased their target price on Lloyds Banking Group from GBX 84 to GBX 97 and gave the stock a “neutral” rating in a research note on Monday, December 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a GBX 93 price objective on shares of Lloyds Banking Group in a research note on Friday, October 10th. Shore Capital reiterated a “hold” rating and set a GBX 84 target price on shares of Lloyds Banking Group in a research report on Wednesday, November 19th. Finally, 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 note on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lloyds Banking Group has an average rating of “Moderate Buy” and an average target price of GBX 103.71.

Lloyds Banking Group Trading Down 0.5%

Shares of Lloyds Banking Group stock opened at GBX 101.80 on Tuesday. Lloyds Banking Group has a 1-year low of GBX 60.30 and a 1-year high of GBX 102.85. The firm’s 50-day moving average price is GBX 96.07 and its two-hundred day moving average price is GBX 87.14. The stock has a market capitalization of £59.82 billion, a price-to-earnings ratio of 17.86, a P/E/G ratio of 1.84 and a beta of 1.23.

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

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.