Lloyds Banking Group (LON:LLOY) Given New GBX 98 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased its price target for Lloyds Banking Group from GBX 85 to GBX 98, indicating a potential upside of 20.93% from the current price.
• The stock currently holds an average rating of "Hold" among analysts with a consensus price target of GBX 89.40, reflecting mixed sentiments regarding its performance.
• Insider purchases at Lloyds reveal confidence in the company, with significant shares bought by executives, totaling 471,274 shares valued over £36 million in the last 90 days.

Lloyds Banking Group (LON:LLOY - Free Report) had its price target boosted by JPMorgan Chase & Co. from GBX 85 to GBX 98 in a research report released on Tuesday, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider's stock.

A number of other analysts have also recently weighed in on the company. Royal Bank Of Canada raised Lloyds Banking Group to an "outperform" rating and set a GBX 95 price objective for the company in a research report on Monday, August 4th. Citigroup raised their price target on Lloyds Banking Group from GBX 75 to GBX 77 and gave the company a "neutral" rating in a report on Friday, August 1st. Shore Capital reissued a "hold" rating and issued a GBX 74 price target on shares of Lloyds Banking Group in a report on Thursday, July 24th. Finally, Jefferies Financial Group raised their price target on Lloyds Banking Group from GBX 92 to GBX 103 and gave the company a "buy" rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of GBX 89.40.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock traded up GBX 0.30 during mid-day trading on Tuesday, reaching GBX 82.48. 166,465,375 shares of the company were exchanged, compared to its average volume of 155,836,234. Lloyds Banking Group has a twelve month low of GBX 52.44 and a twelve month high of GBX 84.60. The firm's 50-day simple moving average is GBX 80 and its two-hundred day simple moving average is GBX 75.44. The firm has a market cap of £48.93 billion, a PE ratio of 1,249.70, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

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, equities research analysts anticipate that Lloyds Banking Group will post 7.3199528 EPS for the current year.

Insider Activity at Lloyds Banking Group

In related news, insider Chris Vogelzang purchased 50,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was bought at an average price of GBX 84 per share, with a total value of £42,000. Also, insider Charlie Nunn purchased 238,593 shares of the company's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of GBX 76 per share, with a total value of £181,330.68. Insiders bought 471,274 shares of company stock valued at $36,338,824 in the last ninety days. Corporate insiders own 0.16% of the company's stock.

Lloyds Banking Group Company Profile

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.