Lloyds Banking Group (LON:LLOY) Price Target Raised to GBX 71 at Citigroup

Lloyds Banking Group (LON:LLOY) had its target price boosted by investment analysts at Citigroup from GBX 61 ($0.79) to GBX 71 ($0.92) in a research note issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price indicates a potential downside of 2.39% from the stock’s previous close.

A number of other equities analysts also recently issued reports on LLOY. JPMorgan Chase & Co. increased their target price on Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the stock an “underweight” rating in a research note on Tuesday, February 25th. Shore Capital reissued a “hold” rating on shares of Lloyds Banking Group in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 60.60 ($0.78).

Lloyds Banking Group Stock Down 0.5 %

LON:LLOY traded down GBX 0.34 ($0.00) during midday trading on Thursday, reaching GBX 72.74 ($0.94). The stock had a trading volume of 259,187,625 shares, compared to its average volume of 174,554,547. The stock has a market cap of £44.11 billion, a P/E ratio of 9.20, a P/E/G ratio of 1.84 and a beta of 1.23. The firm has a fifty day simple moving average of GBX 61.32 and a two-hundred day simple moving average of GBX 58.42. Lloyds Banking Group has a 12-month low of GBX 48.26 ($0.62) and a 12-month high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last issued its earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) earnings per share for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, sell-side analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lloyds Banking Group news, insider William Chalmers bought 128,804 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of GBX 54 ($0.70) per share, for a total transaction of £69,554.16 ($89,654.76). 0.17% of the stock is currently owned by 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.