JPMorgan Chase & Co. Reiterates GBX 72 Price Target for Lloyds Banking Group (LON:LLOY)

JPMorgan Chase & Co. set a GBX 72 ($0.94) price objective on Lloyds Banking Group (LON:LLOY) in a research report released on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays restated an overweight rating on shares of Lloyds Banking Group in a research note on Monday, October 14th. Shore Capital reaffirmed a buy rating on shares of Lloyds Banking Group in a report on Monday, September 9th. HSBC reduced their target price on Lloyds Banking Group from GBX 58 ($0.76) to GBX 52 ($0.68) and set a hold rating for the company in a report on Thursday, August 15th. UBS Group reaffirmed a buy rating and set a GBX 65 ($0.85) target price (down previously from GBX 70 ($0.91)) on shares of Lloyds Banking Group in a report on Friday, September 13th. Finally, Royal Bank of Canada set a GBX 63 ($0.82) target price on Lloyds Banking Group and gave the company a buy rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 63.53 ($0.83).

Shares of Lloyds Banking Group stock opened at GBX 59.85 ($0.78) on Monday. Lloyds Banking Group has a 52-week low of GBX 48.16 ($0.63) and a 52-week high of GBX 66.79 ($0.87). The stock’s 50-day simple moving average is GBX 54.82 and its 200 day simple moving average is GBX 57.08. The stock has a market capitalization of $41.91 billion and a P/E ratio of 11.29.

In other Lloyds Banking Group news, insider Amanda Mackenzie OBE acquired 63,567 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of GBX 50 ($0.65) per share, with a total value of £31,783.50 ($41,530.77). Also, insider Antonio Horta-Osorio sold 182,112 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of GBX 55 ($0.72), for a total value of £100,161.60 ($130,878.87). Insiders have sold a total of 660,775 shares of company stock valued at $35,385,299 in the last ninety days.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands in the United Kingdom and internationally. It operates through three segments: Retail, Commercial Banking, and Insurance and Wealth. The Retail segment offers a range of financial service products, including current accounts, savings accounts, mortgages, motor finance, unsecured consumer loans, leasing solutions, and credit cards to personal and small business customers.

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Analyst Recommendations for Lloyds Banking Group (LON:LLOY)

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