Lloyds Banking Group (LON:LLOY) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group has raised its price target for Lloyds Banking Group stock from GBX 92 to GBX 103, indicating a potential upside of 23.29% from the previous close.
• Several analysts have recently given positive ratings, with Royal Bank of Canada upgrading to "outperform" and JPMorgan raising their target from GBX 79 to GBX 85, reflecting a general optimism about the stock.
• Insider buying activity has increased, with notable purchases by insiders totaling approximately £157,000 over the past few months, suggesting confidence in the company's future performance.

Lloyds Banking Group (LON:LLOY - Free Report) had its target price hoisted by Jefferies Financial Group from GBX 92 to GBX 103 in a research report released on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the financial services provider's stock.

A number of other research analysts also recently issued reports on LLOY. Royal Bank Of Canada upgraded Lloyds Banking Group to an "outperform" rating and set a GBX 95 price objective for the company in a research note on Monday, August 4th. Shore Capital reaffirmed a "hold" rating and set a GBX 74 price target on shares of Lloyds Banking Group in a report on Thursday, July 24th. JPMorgan Chase & Co. raised shares of Lloyds Banking Group to a "neutral" rating and lifted their price target for the company from GBX 79 to GBX 85 in a report on Monday, August 4th. Finally, Citigroup lifted their price target on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lloyds Banking Group presently has an average rating of "Hold" and a consensus price target of GBX 86.80.

Lloyds Banking Group Stock Performance

LLOY stock traded down GBX 2.78 on Tuesday, reaching GBX 79.52. The company's stock had a trading volume of 237,858,406 shares, compared to its average volume of 155,159,156. Lloyds Banking Group has a 12-month low of GBX 52.44 and a 12-month high of GBX 84.60. The firm has a market cap of £48.22 billion, a PE ratio of 10.06, a PEG ratio of 1.84 and a beta of 1.23. The business has a fifty day simple moving average of GBX 79.05 and a two-hundred day simple moving average of GBX 74.33.

Lloyds Banking Group (LON:LLOY - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported GBX 3.80 earnings per share for the quarter. Lloyds Banking Group had a return on equity of 11.22% and a net margin of 16.66%. As a group, research analysts anticipate that Lloyds Banking Group will post 7.3199528 earnings per share for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other Lloyds Banking Group news, insider William Chalmers bought 152,181 shares of Lloyds Banking Group stock in a transaction dated Friday, June 20th. The shares were purchased at an average cost of GBX 76 per share, for a total transaction of £115,657.56. Also, insider Chris Vogelzang bought 50,000 shares of Lloyds Banking Group stock in a transaction dated Friday, August 22nd. The stock was acquired at an average price of GBX 84 per share, for a total transaction of £42,000. Insiders have acquired a total of 471,274 shares of company stock worth $36,338,824 in the last three months. Insiders own 0.17% 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.