Lloyds Banking Group (LON:LLOY) Given New GBX 45 Price Target at JPMorgan Chase & Co.

Lloyds Banking Group (LON:LLOY - Get Free Report) had its target price increased by equities researchers at JPMorgan Chase & Co. from GBX 41 ($0.52) to GBX 45 ($0.57) in a research report issued on Tuesday, Marketbeat reports. The firm presently has an "underweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price suggests a potential downside of 14.87% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Berenberg Bank upped their target price on shares of Lloyds Banking Group from GBX 55 ($0.70) to GBX 58 ($0.73) and gave the stock a "hold" rating in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods upgraded shares of Lloyds Banking Group to a "market perform" rating and set a GBX 50 ($0.63) price target on the stock in a research report on Monday, February 12th. Shore Capital reissued a "buy" rating on shares of Lloyds Banking Group in a research note on Thursday, February 22nd. Finally, Jefferies Financial Group reissued a "buy" rating and issued a GBX 59 ($0.75) price objective on shares of Lloyds Banking Group in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 57.83 ($0.73).

Lloyds Banking Group Stock Down 1.6 %

Shares of LON LLOY traded down GBX 0.86 ($0.01) during midday trading on Tuesday, hitting GBX 52.86 ($0.67). The stock had a trading volume of 143,317,539 shares, compared to its average volume of 141,797,094. The business's 50 day moving average is GBX 47.14 and its 200-day moving average is GBX 45.11. The company has a market cap of £33.66 billion, a P/E ratio of 660.75, a PEG ratio of 1.94 and a beta of 1.22. Lloyds Banking Group has a 52 week low of GBX 39.42 ($0.50) and a 52 week high of GBX 54.28 ($0.69).

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers bought 128,118 shares of the stock in a transaction dated Monday, March 25th. The stock was purchased at an average price of GBX 52 ($0.66) per share, for a total transaction of £66,621.36 ($84,320.16). In related news, insider Robin Budenberg acquired 1,000,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of GBX 45 ($0.57) per share, for a total transaction of £450,000 ($569,548.16). Also, insider William Chalmers acquired 128,118 shares of the firm's stock in a transaction that occurred on Monday, March 25th. The shares were bought at an average price of GBX 52 ($0.66) per share, with a total value of £66,621.36 ($84,320.16). Company insiders own 0.24% of the company's stock.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.