Deutsche Bank Aktiengesellschaft Cuts Lloyds Banking Group (LON:LLOY) Price Target to GBX 125

Lloyds Banking Group (LON:LLOY) had its target price cut by Deutsche Bank Aktiengesellschaft to GBX 125 in a research note published on Tuesday morning, Marketbeat.com reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms have also weighed in on LLOY. Jefferies Financial Group restated a “buy” rating and issued a GBX 105 target price on shares of Lloyds Banking Group in a report on Tuesday, October 28th. Shore Capital lowered shares of Lloyds Banking Group to a “sell” rating and raised their price target for the company from GBX 84 to GBX 91 in a research report on Monday. UBS Group reaffirmed a “neutral” rating and issued a GBX 103 price objective on shares of Lloyds Banking Group in a research report on Friday, January 23rd. Citigroup lifted their target price on shares of Lloyds Banking Group from GBX 98 to GBX 106 and gave the stock a “neutral” rating in a research report on Monday. Finally, Barclays upped their target price on Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an “overweight” rating in a report on Wednesday, January 7th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of GBX 107.78.

Lloyds Banking Group Trading Up 1.4%

LON LLOY opened at GBX 114.20 on Tuesday. The company has a market cap of £67.10 billion, a P/E ratio of 20.04, a PEG ratio of 1.84 and a beta of 1.23. The company has a fifty day simple moving average of GBX 100.09 and a 200 day simple moving average of GBX 89.73. Lloyds Banking Group has a 12-month low of GBX 60.78 and a 12-month high of GBX 114.40.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. Sell-side analysts predict that Lloyds Banking Group will post 7.3199528 EPS 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.