JPMorgan Chase & Co. Increases Lloyds Banking Group (LON:LLOY) Price Target to GBX 54

Lloyds Banking Group (LON:LLOY) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from GBX 50 ($0.63) to GBX 54 ($0.68) in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 5.73% from the stock’s current price.

A number of other brokerages also recently weighed in on LLOY. Shore Capital reiterated a “buy” rating on shares of Lloyds Banking Group in a report on Wednesday, April 24th. Peel Hunt assumed coverage on shares of Lloyds Banking Group in a research report on Friday, April 19th. They issued a “hold” rating and a GBX 55 ($0.70) price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 56.83 ($0.72).

Lloyds Banking Group Trading Up 2.5 %

Shares of LLOY stock opened at GBX 57.28 ($0.72) on Wednesday. The stock has a market cap of £36.09 billion, a P/E ratio of 813.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The stock has a 50 day simple moving average of GBX 54.58 and a 200 day simple moving average of GBX 49.77. Lloyds Banking Group has a 1 year low of GBX 39.42 ($0.50) and a 1 year high of GBX 57.39 ($0.73).

Lloyds Banking Group Company Profile

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.