Lloyds Banking Group (LON:LLOY) Given New GBX 71 Price Target at Citigroup

Lloyds Banking Group (LON:LLOY) had its price target boosted by investment analysts at Citigroup from GBX 61 ($0.79) to GBX 71 ($0.92) in a report released on Thursday,Digital Look reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target would suggest a potential downside of 2.39% from the stock’s previous close.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price target on Lloyds Banking Group from GBX 55 ($0.71) to GBX 62 ($0.80) and gave the stock an “underweight” rating in a research note on Tuesday, February 25th. Shore Capital reiterated a “hold” rating on shares of Lloyds Banking Group in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lloyds Banking Group presently has an average rating of “Hold” and a consensus price target of GBX 60.60 ($0.78).

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock traded down GBX 0.34 ($0.00) during midday trading on Thursday, reaching GBX 72.74 ($0.94). 259,187,625 shares of the company were exchanged, compared to its average volume of 174,554,547. The company has a market capitalization of £44.11 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 1.84 and a beta of 1.23. The firm’s 50-day simple moving average is GBX 61.32 and its 200-day simple moving average is GBX 58.42. Lloyds Banking Group has a 1 year low of GBX 48.26 ($0.62) and a 1 year high of GBX 74.46 ($0.96).

Lloyds Banking Group (LON:LLOY) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported GBX 6.30 ($0.08) EPS for the quarter. Lloyds Banking Group had a net margin of 16.66% and a return on equity of 11.22%. On average, analysts forecast that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

Insider Transactions at Lloyds Banking Group

In other news, insider William Chalmers bought 128,804 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of GBX 54 ($0.70) per share, for a total transaction of £69,554.16 ($89,654.76). Insiders own 0.17% 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.