Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 127

Lloyds Banking Group (LON:LLOY) had its price objective upped by Jefferies Financial Group from GBX 125 to GBX 127 in a research note issued to investors on Wednesday morning,Digital Look reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 117 target price on shares of Lloyds Banking Group in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 125 price target on shares of Lloyds Banking Group in a research note on Friday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on Lloyds Banking Group from GBX 120 to GBX 124 and gave the stock an “outperform” rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 114.40.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at GBX 112.60 on Wednesday. The firm has a market cap of £65.37 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.91. Lloyds Banking Group has a 1 year low of GBX 79.18 and a 1 year high of GBX 117.90. The firm’s 50 day moving average price is GBX 112.88 and its two-hundred day moving average price is GBX 104.13.

Lloyds Banking Group (LON:LLOY) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported GBX 4.80 EPS for the quarter. Lloyds Banking Group had a return on equity of 11.05% and a net margin of 26.73%. As a group, equities analysts predict that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of Lloyds Banking Group stock in a transaction on Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68. 0.17% of the stock is currently owned by insiders.

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.