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

Key Points

• Jefferies raised Lloyds Banking Group’s price target to GBX 127 from GBX 125 and maintained a “buy” rating, implying 14.78% potential upside from the prior close.
• Analyst sentiment remains positive overall, with six buy ratings, three holds and one sell; MarketBeat reports a “Moderate Buy” consensus and an average target of GBX 114.40.
• Lloyds shares opened at GBX 110.65, while insider William Chalmers sold 8.45 million shares for approximately £9.46 million at an average price of GBX 112.

Lloyds Banking Group (LON:LLOY - Get Free Report) had its target price boosted by investment analysts at Jefferies Financial Group from GBX 125 to GBX 127 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's price target points to a potential upside of 14.78% from the stock's previous close.

LLOY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 125 price objective on shares of Lloyds Banking Group in a report on Friday, July 31st. Royal Bank Of Canada increased their target price on shares of Lloyds Banking Group from GBX 120 to GBX 124 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 117 price target on shares of Lloyds Banking Group in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 114.40.

Lloyds Banking Group Stock Up 0.1%

Shares of LON LLOY opened at GBX 110.65 on Wednesday. The stock's 50 day moving average price is GBX 112.71 and its two-hundred day moving average price is GBX 103.93. Lloyds Banking Group has a 52-week low of GBX 77.38 and a 52-week high of GBX 117.90. The stock has a market capitalization of £64.24 billion, a P/E ratio of 13.83, a PEG ratio of 1.84 and a beta of 0.91.

Lloyds Banking Group (LON:LLOY - Get Free Report) last issued its earnings results 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%. On average, analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Transactions at Lloyds Banking Group

In related news, insider William Chalmers sold 8,445,139 shares of the company's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of GBX 112, for a total transaction of £9,458,555.68. 0.17% of the stock is owned by corporate 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.

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