Jefferies Financial Group Raises Lloyds Banking Group (LON:LLOY) Price Target to GBX 105

Key Points

• Jefferies Financial Group has raised its price target for Lloyds Banking Group from GBX 103 to GBX 105, suggesting a potential upside of 23.62% from the current price.
• Other analyst ratings include Royal Bank of Canada upgrading the stock to "outperform" with a GBX 95 target, while Citigroup raised its target to GBX 77 with a "neutral" rating.
• Insider purchases indicate confidence in the stock, with corporate insiders acquiring 436,717 shares valued at approximately $36.56 million in the last three months.

Lloyds Banking Group (LON:LLOY - Get Free Report) had its target price hoisted by Jefferies Financial Group from GBX 103 to GBX 105 in a report issued on Wednesday,Digital Look reports. The brokerage currently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's target price suggests a potential upside of 23.62% from the company's current price.

Several other analysts have also issued reports on LLOY. Royal Bank Of Canada upgraded shares of Lloyds Banking Group to an "outperform" rating and set a GBX 95 target price for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their target price on shares of Lloyds Banking Group from GBX 85 to GBX 98 and gave the stock a "neutral" rating in a research note on Tuesday, September 9th. Shore Capital reiterated a "hold" rating and issued a GBX 74 target price on shares of Lloyds Banking Group in a research note on Monday. Citigroup increased their price target on shares of Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a GBX 93 price target on shares of Lloyds Banking Group in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of GBX 90.33.

Lloyds Banking Group Stock Up 0.9%

LLOY traded up GBX 0.76 during trading on Wednesday, hitting GBX 84.94. 104,264,633 shares of the company's stock were exchanged, compared to its average volume of 153,742,766. The business's 50 day moving average is GBX 82.55 and its two-hundred day moving average is GBX 77.31. Lloyds Banking Group has a fifty-two week low of GBX 52.44 and a fifty-two week high of GBX 86.64. The stock has a market cap of £50.25 billion, a P/E ratio of 1,286.94, a PEG ratio of 1.84 and a beta of 1.23.

Lloyds Banking Group (LON:LLOY - Get Free Report) last released 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 net margin of 16.66% and a return on equity of 11.22%. On average, sell-side analysts forecast that Lloyds Banking Group will post 7.3199528 earnings per share for the current year.

Insider Activity at Lloyds Banking Group

In related news, insider Charlie Nunn bought 217,494 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of GBX 84 per share, with a total value of £182,694.96. Also, insider Chris Vogelzang bought 50,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average cost of GBX 84 per share, for a total transaction of £42,000. Insiders have purchased 436,717 shares of company stock valued at $36,562,228 over the last three months. 0.16% 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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