Lloyds Banking Group plc (LON:LLOY) Stock Has Average Price Target of GBX 116

Key Points

• Analyst sentiment is mixed: Lloyds Banking Group has a consensus “Hold” rating from nine analysts, with four buys, four holds and one sell. The average 12-month price target is GBX 116, above the stock’s GBX 100.32 opening price.
• Recent price targets vary: Jefferies raised its target to GBX 127 and maintained a “Buy” rating, while JPMorgan lifted its target to GBX 123 with a “Neutral” rating. RBC cut its target to GBX 115 and downgraded the stock to “Sector Perform.”
• The company reported quarterly earnings of GBX 4.80 per share, with a 26.73% net margin and 11.05% return on equity. Insider activity included the sale of 8.45 million shares by William Chalmers and a purchase of 1,810 shares by Catherine Woods.

Lloyds Banking Group plc (LON:LLOY - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 116.

Several analysts have recently weighed in on LLOY shares. Berenberg Bank reaffirmed a "hold" rating and set a GBX 117 price objective on shares of Lloyds Banking Group in a report on Wednesday, June 24th. JPMorgan Chase & Co. raised their price objective on shares of Lloyds Banking Group from GBX 121 to GBX 123 and gave the company a "neutral" rating in a research note on Tuesday, September 15th. Jefferies Financial Group upped their price target on Lloyds Banking Group from GBX 125 to GBX 127 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada lowered Lloyds Banking Group to a "sector perform" rating and reduced their target price for the stock from GBX 124 to GBX 115 in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 125 price objective on shares of Lloyds Banking Group in a report on Friday, July 31st.

Lloyds Banking Group Stock Down 2.6%

Shares of LLOY opened at GBX 100.32 on Tuesday. The stock's 50-day moving average price is GBX 108.93 and its 200 day moving average price is GBX 106.27. The firm has a market capitalization of £57.62 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.84 and a beta of 0.94. Lloyds Banking Group has a 12-month low of GBX 82.92 and a 12-month high of GBX 123.10.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported GBX 4.80 earnings per share for the quarter. Lloyds Banking Group had a net margin of 26.73% and a return on equity of 11.05%. Equities research analysts expect that Lloyds Banking Group will post 7.32 EPS for the current year.

Insider Activity

In other Lloyds Banking Group news, insider William Chalmers sold 8,445,139 shares of the business's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of GBX 112, for a total transaction of £9,458,555.68. Also, insider Catherine Woods purchased 1,810 shares of the firm's stock in a transaction on Wednesday, September 23rd. The stock was bought at an average price of GBX 110 per share, with a total value of £1,991. Insiders own 0.15% of the company's stock.

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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